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France’s Investment in STMicroelectronics

France's Investment in STMicroelectronics-GlobalFoundries Partnership Boosts Semiconductor Industry

France has recently announced its plans to provide €2.9 billion for the construction of a new factory by STMicroelectronics and GlobalFoundries. This strategic investment is France’s commitment to bolstering the semiconductor industry and progressing technological innovation. With global demand for semiconductors on the rise, this move positions France to play a significant role in meeting the world’s growing technological needs.

The new factory, expected to be located in Crolles, will focus on manufacturing advanced semiconductor chips. The investment by the French government aims to enhance the nation’s semiconductor production capabilities, meeting the increasing demand for chips in various industries; such as automotive, telecommunications, and consumer electronics.

This joint venture between STMicroelectronics and GlobalFoundries is expected to create numerous employment opportunities in the region. The construction and operation of the factory will generate jobs, both directly and indirectly, providing a boost to the local economy and contributing to France’s overall economic growth.

The investment in the new STMicroelectronics-GlobalFoundries factory in France is expected to have a significant impact on required recruitment. While the investment in the new STMicroelectronics-GlobalFoundries factory in France is expected to bring numerous benefits, including job creation and economic growth, it is important to acknowledge that the semiconductor industry currently faces challenges related to talent shortage.

The semiconductor industry is reliant on highly skilled professionals, however there is currently a gap between the skills possessed by the available workforce and the skills required by the industry. The building of this new factory will likely highlight this gap, and companies must begin to plan how they can attract the best talent and most skilled individuals into these positions.

Many of our customers are experiencing difficulty in sourcing skilled talent for their open vacancies, and they aren’t seeing candidates with the right experience or skillset to join their team. Job adverts and job postings are a great way of finding active candidates who are looking for a new role – but this typically only makes up 20% of the talent pool; there is a further 80% of passive candidates who aren’t actively looking for a new opportunity but could be engaged through a proactive approach.

While the talent shortage in the semiconductor industry may pose challenges, addressing these issues through strategic planning and taking a proactive approach to recruitment can ensure business secure the best candidates and can aid the growth of companies.

To see how you can take a more targeted, headhunt approach to your recruitment, please reach out to the Semiconductor team here at Delve.  

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