Grenoble chip factory: the underside of an extraordinary negotiation


Emmanuel Macron, surrounded by Bruno Le Maire (2e to the left)the Chairman of the Management Board of STMicroelectronics Jean-Marc Chéry (3e left)the Minister of Higher Education and Research, Sylvie Retailleau (4e left)from the government spokesperson, Olivier Véran (6e left)from Global Foundries Managing Director Thomas Caulfield (5e to the right)the European Commissioner for the Internal Market, Thierry Breton (3e right)and the mayor of Crolles, Philippe Lorimier (2e right)on the site of the STMicroelectronics factory, in Isère, on July 12. Romain Doucelin/Pool/ABACA

INVESTIGATION – History of the Liberty project, the investment of STMicro and GlobalFoundries of 5.7 billion euros, of which more than 40% of state aid. The “most fascinating battle ever fought” by Bruno Le Maire.

It’s early for a Sunday. This July 10, Bruno Le Maire opens the third day of meetings organized in Aix-en-Provence by the Circle of economists. Its president, Jean-Hervé Lorenzi, calls for applause. “It looks more and more like the Comintern in 1936!”jokes the economist. “I’m not sure that in the Comintern, in 1936, people were made to work on a Sunday morning at 8:30 a.m.!”, laughs in return the minister. His night was short, very short. In question: a videoconference. But it was worth it. At 2 a.m., the French state, the Franco-Italian group STMicroelectronics and the American group GlobalFoundries (GF) hit. Just in time for Monday’s Choose France summit in Versailles. “You will see, it will be an exceptional vintage”slips, sibylline, Bruno Le Maire to his audience in Aix.

He struggles to conceal his satisfaction. He holds it, his “fab”, his semiconductor factory. He won it, this giant investment – 5.7 billion euros…

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