NXP picks up €1B loan from EIB

NXP has secured a 1-billion-euro loan from the European Investment Bank (EIB) to boost R&D and innovation (RDI) across the chipmaker’s facilities in Austria, France, Germany, the Netherlands and Romania. 380 million euros are earmarked for the Dutch activities.

The financing aligns with the EIB’s launch of a targeted Strategic Tech-EU investment program to accelerate digitalization and innovation in strategic technologies. “It’s 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,” comments EIB vice president Robert de Groot.