The EU Commission approves an Italian State aid measure worth €292.5M under the Recovery and Resilience Facility to support a semiconductor manufacturer in the construction of a new plant (STMicroelectronics)

State aid: Commission approves €292.5 million Italian measure under Recovery and Resilience Facility to support STMicroelectronics in construction of a plant in the semiconductor value chain* The European Commission has approved, under EU State aid rules, a €292.5 million Italian measure made available through the Recovery and Resilience Facility ('RRF') to support STMicroelectronics in the construction of a plant in the semiconductor value chain in Catania, Sicily. The measure will strengthen Europe's security of supply, resilience and digital sovereignty in semiconductor technologies, in line with the ambitions set out in the European Chips Act Communication. The measure will also contribute to achieving both the digital and green transition. Executive Vice-President Margrethe