STMicro to allocate $60 million for restructuring of French facility

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Sep 17 2025

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Source: Reuters

Investment Announcement: STMicroelectronics has announced a $60 million investment to develop a pilot line for advanced semiconductor manufacturing technology at its plant in Tours, France.
New Technology Implementation: The company will utilize Panel-Level Packaging (PLP) technology, which allows for manufacturing chips on large panels, aiming to enhance production efficiency and reduce costs in Europe.
Restructuring and Job Cuts: STMicro is undergoing a major restructuring, moving older chipmaking lines away from Tours and planning job cuts, which have faced opposition from unions and stakeholders.
Operational Timeline: The pilot line is expected to be operational by the third quarter of 2026, supporting the company's long-term success in the semiconductor market.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.