The government provides € 1 billion in public aid for nano-electronics

by bold-lichterman

The French Minister of the Economy Bruno Le Maire will present on Friday in Isère a public and private investment plan of 5 billion euros over five years in nano-electronics, including one billion from the State, local communities and the European Union, Bercy announced Thursday. Nano-electronics concerns electronic circuits engraved at the nanometer scale, used to make on-board components (on phones, cars) miniaturized and consuming less electricity.

Bruno Le Maire will present the Nano 2022 plan at the STMicroelectronics (ST) plant in Crolles, in the Grenoble area. The Franco-Italian semiconductor manufacturer will be one of the main beneficiaries of the plan, which will notably help finance an extension of the Crolles plant. Among the other beneficiaries is the CEA, which has in Grenoble one of the major European research centers in micro and nano-technologies, Leti, or Soitec, an Isère company originally from Leti, and which produces So-called SOI (silicon on insulator) silicon wafers used to manufacture nano-electronic components.

4,000 jobs would be affected

The Nano 2022 plan should make it possible to ” create or maintain 4,000 jobs ”, Bercy said Thursday. The support will be granted to research and development projects but also to industrialization projects ” on site in France, particularly in Grenoble, but also in the Paris region and the Provence-Alpes-Côte d’Azur region ”, said the Ministry of the Economy. Large industrialists such as Thales or Valeo as well as many startups are also associated with the plan. The previous research and development plan in nanoelectronics made it possible, for example, to develop “high performance” components today used in cameras or facial recognition, Bercy indicated.

The State will contribute 896 million euros to the Nano 2022 plan, the rest being provided by local authorities and the European Union. Bruno Le Maire will also sign the strategic contract for the electronics industry sector, one of the 18 strategic sectors labeled by the State. The sector of the French electronics industry employs 100,000 people in France, to which must be added 150,000 indirect jobs. It achieves 15 billion euros in turnover.