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Euronext Tech Leaders: Supporting know-how firms

Amongst these firms which might be a part of the market phase and the Euronext Tech Leaders index is STMicroelectronics. A Franco-Italian firm listed on Euronext, STMicroelectronics, one of many world leaders in semiconductors, presents the challenges of its sector and its technique to help its development.

Interview with Jean-Marc Chéry, Chairman of the Administration Board and Chief Government Officer, STMicroelectronics and Stéphane Boujnah, Chief Government Officer and Chairman of the Administration Board of Euronext Groupon the challenges and alternatives that Euronext Tech Leaders can characterize, and specifically for a member firm of the initiative, STMicroelectronics.

What are the goals of Euronext Tech Leaders?

SB: The Euronext Tech Leaders initiative was launched to help fast-growing European tech firms with their fairness financing wants. Euronext Tech Leaders notably features a market phase and an index of 111 European Tech firms listed on the Euronext markets. This index makes it simpler for worldwide buyers to determine rising European know-how firms.

We’ve created with Euronext Tech Leaders a neighborhood of Tech firms with widespread development ambitions. By bringing collectively European Tech firms, we’ll make them way more seen to worldwide buyers. It has by no means been extra pressing to place in place the situations to foster the expansion of European technological champions.

The function performed by STMicroelectronics in constructing European technological sovereignty in semiconductors is exemplary on this regard. The revolutionary concepts of those firms want financing options that the inventory market and extra particularly the Euronext Tech Leaders phase can present.

The Euronext Tech Leaders European Campus held in Paris on November 23 introduced collectively the European Tech ecosystem to satisfy these goals.

What are the financing wants of Euronext Tech Leaders resembling STMicroelectronics?

SB: The development of a fluid and environment friendly European financing system, on the service of the European know-how sector, relies on 4 pillars. First, an enormous, diversified and aggressive supply from rising know-how firms; this situation has been reached, with a file variety of revolutionary European Tech firms which might be leaders of their fields. Second, you want buyers prepared to decide to know-how development initiatives. The European firms that make up the Euronext Tech Leaders phase will now be extra simply recognized by worldwide buyers to satisfy the financing wants acceptable to their development ambitions. International buyers can for his or her half diversify their portfolio of know-how shares in the direction of Europe, whereas getting access to a essential mass of European firms.

Euronext Tech Leaders companions have deployed options to advertise the allocation of investments to Tech firms. Caisse des Dépôts, for instance, has created an funding fund endowed with 300 million euros. Bpifrance has arrange an envelope of 500 million euros. Different comparable dynamics are forming round our initiative.

Second, it takes a deep pool of money to permit tech firms to fund themselves and buyers to search out funding alternatives. Euronext has constructed the spine of the European Capital Markets Union, integrating on a single platform 7 inventory exchanges – Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris. Euronext has almost 700 listed Tech firms, during which worldwide buyers can make investments.

As well as, constructing a European universe of “comparable” know-how firms will facilitate the event of essential fairness analysis actions to draw worldwide funding flows.

The place are we within the international battle for the provision of semiconductors in Europe, and why is the acceleration of the event of the European Tech sector essential to treatment this?

JMC: Semiconductors occupy a central place within the international and European industrial panorama. Investments are underway or introduced all over the world, pushed by the momentum generated by the states. Thus, Europe, with the Chips Act, has introduced that it needs to double the burden of semiconductors in international chip manufacturing by 2030.

These investments are essential to speed up the transformation of our societies in the direction of the digitalization and decarbonization of our mobility, our habitat, our buildings, cities, factories and infrastructures.

What benefits do you see in benefiting from the depth of Euronext’s liquidity pool – the biggest European liquidity pool?

JMC: Our enterprise is international in nature, each by way of our prospects, our suppliers, our rivals and within the location of our analysis and improvement and manufacturing actions. Moreover, STMicroelectronics is already properly uncovered to international buyers with three listings in Paris, Milan and New York. We are able to solely welcome the Euronext-Tech Chief challenge, which permits us to anchor our European id inside the international know-how sector and specifically to strengthen the diversification in the direction of Europe of buyers’ know-how inventory portfolios.

The European establishments in addition to the French authorities inside the framework of the “Select France” plan have underlined the necessity to create 1000’s of jobs within the essential discipline of semiconductors with the goal of creating and holding European abilities, is it Is that this additionally an goal that you’re pursuing by means of the Euronext Tech Leaders initiative and within the discipline of semiconductors?

JMC: We’ve introduced our contribution to the European goal by doubling our manufacturing capacities in Europe and France by 2025, together with a brand new 300 mm plant in Agrate, Italy, a plant for the manufacturing of carbide substrates of silicon in Catania, Sicily, and our 300mm manufacturing facility challenge in Crolles in partnership with GlobalFoundries. For the latter, roughly 1,000 extra positions shall be created, not counting people who shall be generated in our ecosystem of companions, suppliers and different stakeholders. In Italy, the roles created shall be of the identical order. These initiatives are important to help our development and all our websites are mobilized to recruit in all of the professions important for our trade, in analysis, improvement and manufacturing (operators, technicians and engineers). The Euronext Tech Leaders initiative helps to strengthen the attractiveness of know-how firms like ST within the competitors for expertise.

Are you able to inform us extra about your plans to construct factories in Europe, which profiles will you recruit? Do these Tech abilities exist already in your areas of multinational?

JMC: To realize our ambition of a minimum of $20 billion in income by 2025-2027, ST continues to rework its international manufacturing operations, with extra manufacturing capabilities of 300 mm wafers not solely in Crolles with a number of extensions to our manufacturing facility and the brand new unit with Globalfoundries, but in addition with our new manufacturing facility in Agrate close to Milan, the place the primary batch of silicon wafers has simply been produced. Extra lately, our actions in Catania in Sicily have been prolonged round silicon carbide (SiC). These initiatives are developed in our present campuses the place we already profit from superior ecosystems. We’ve developed very shut partnerships with universities, engineering faculties, but in addition with excessive faculties with the intention to strengthen coaching in electronics and guarantee a pool of expertise near our websites. Thus, thanks to those packages with the world of schooling in our areas of multinational, we take part within the coaching of scholars’ programs, but in addition present our personal in-house coaching as a part of a program to accumulate new expertise and the evolution of our professions. The recruitment of expertise is due to this fact facilitated by the collective dedication of firms and academic ecosystems.

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