STMicroelectronics: new Italy plant will create around 700 jobs

FILE PHOTO: The logo of electronics and semiconductors manufacturer STMIcroelectronics is seen outside a company building in Montrouge, near Paris, France, July 12, 2022. REUTERS/Sarah Meyssonnier

PARIS (Reuters) - Technology and semiconductor company STMicroelectronics said on Wednesday that its plans to build a site in Italy that will create around 700 new jobs.

The European Commission had earlier said it had approved a 292.5 million euro ($292 million) grant for the project.

($1 = 1.0032 euros)

(Reporting by Sudip Kar-Gupta; editing by Jason Neely)