{"id":1673114,"date":"2022-10-05T02:50:11","date_gmt":"2022-10-05T06:50:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1673114"},"modified":"2022-10-05T02:50:44","modified_gmt":"2022-10-05T06:50:44","slug":"stmicroelectronics-wins-european-commission-backing-for-italy-plant","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stmicroelectronics-wins-european-commission-backing-for-italy-plant\/","title":{"rendered":"STMicroelectronics wins European Commission backing for Italy plant"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstmicroelectronics-wins-european-commission-backing-for-italy-plant%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1673114&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     The European Commission on Wednesday approved Italian state aid for STMicroelectronics which plans to build a plant the company says will create around 700 jobs.<\/p>\n<p>The Commission said it accepted a 292.5-million-euro ($292 million) Italian grant under the Recovery and Resilience Facility (\u2018RRF\u2019) to support the building of the silicon carbide wafer plant in Catania, Sicily.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>\u201cThe Italian measure approved today will strengthen Europe\u2019s semiconductors supply chain, helping us deliver our green and digital transition,\u201d European Commission Executive Vice-President Margrethe Vestager said in a statement.<\/p>\n<p>\u201cThe measure will ensure that our industry has a reliable source of innovative substrates for power efficient chips.\u201d  <\/p>\n<p>Vestager said the project will create high-skilled employment opportunities in Sicily, while limiting possible distortions of competition.<\/p>\n<p>The aid will take the form of a direct grant to support the company\u2019s 730 million euro investment, the Commission said.<\/p>\n<p>($1=1.0028 euros)<\/p>\n<p> (Reporting by Michal Aleksandrowicz in Gdansk; editing by Clarence Fernandez and Jason Neely)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/stmicroelectronics-wins-european-commission\/attachment\/file-photo-a-logo-is-pictured-on-the-factory-of\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9409G-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9409G-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 The European Commission on Wednesday approved Italian state aid for STMicroelectronics which plans to build a plant the company says will create around 700 jobs. The Commission said<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1673114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1673114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1673114"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1673114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1673114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1673114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1673114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}