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French President Macron to announce 5 bln euros boost for electronics sector

epa08593302 French President Emmanuel Macron speaks during a donor tele-conference concerning the situation in Lebanon with other world leaders, from Fort de Bregancon, southern France, 09 August 2020, after a huge blast on 04 August rocked the Lebanese capital of Beirut killing more than 150 people. EPA-EFE/CHRISTOPHE SIMON / POOL MAXPPP OUT

PARIS, July 11 (Reuters) – French President Emmanuel Macron will announce later on Monday a 5 billion euro ($5.06 billion) investment plan to boost the country’s microelectronics and semiconductor sector, said Macron’s office.

Macron’s department added that he would also visit the Crolles site of the new STMicroelectronics  and Global Foundries  plant. His department said the Crolles site represented an investment of more than 5.7 billion, without specifying the currency to which it referred.

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