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July 10th, 2008
Seeking to foster innovation in microelectronics in the Grenoble area, France has agreed to provide subsidies to a new alliance between STMicroelectronics NV, IBM Corp. and the CEA. The "Nano 2012" strategic investment program, commonly called "Crolles3", represents an investment of 3.6 billion euros ($5.65 billion) and is expected to create 650 new jobs.
The Nano 2012 strategic investment program, stated its initatiators, aims to provide competitive access to microelectronics systems, to develop derivative technologies and to enhance the area's competitive edge, especially with regard to Southeast Asia. The program has been defined by STMicroelectronics, IBM, CEA and local authorities.
The ultimate goal, noted project partners, is to make the Grenoble area the "world center for the development of 32-nm and 22-nm CMOS technologies and their derivatives, with potential for creating 650 new jobs at Crolles and Grenoble."
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