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€1bn loan for NXP

€1bn loan for NXP

Business news |
By Nick Flaherty

Cette publication existe aussi en Français


NXP Semiconductors has raised €1bn from the European Investment Bank (EIB) for R&D in Austria, France, Germany, The Netherlands and Romania.

The six year loan has an interest rate of 4.75% and will fund projects through 2026.

The financing of critical European technology aligns with the EIB’s launch of a targeted Strategic Tech-EU investment programme that covers artificial intelligence, semiconductors, life sciences and quantum computing.

“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,” said 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.

“NXP’s collaboration with the EIB underscores our commitment to ensuring European technology leadership and sustainability in the global semiconductor market. This loan complements the various existing instruments supporting our industry, such as the Important Projects of Common European Interest (IPCEI) and other initiatives currently being set up by the European Commission and the Member States. It is also consistent with our investment in the ESMC joint venture fab currently being built in Germany, which will address Europe’s automotive and industrial chip requirements.”

www.nxp.com

 

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