NXP secures 1 billion euro loan from EIB
Briefly

"It is fundamental for Europe to remain an indispensable player in the value chain of critical technologies and build RDI and production capacity in those supply chains," stated EIB vice president Robert de Groot. "Luckily, the EU boasts some of the world's most advanced chip makers. As semiconductors are key to the digital and green transitions, their importance will only grow, and the EIB proudly supports such strategic technology."
"NXP is committed to strengthening Europe's semiconductor ecosystem, and this significant loan from EIB aims at bolstering NXP's efforts in research and development across many of our EU sites," said Maarten Dirkzwager, Executive Vice President and Chief Strategy Officer at NXP.
The investment contributes to building an advanced European chip ecosystem, in line with the EU Chips Act and national strategies such as the Dutch Semicon Valley. The goal is to strengthen the semiconductor market in the EU and ensure a secure and competitive supply of chips.
Read at Techzine Global
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