Robert Abela’s five pillars for the economy are crucial for Malta to become a centre of excellence, with education and employment being key 1 hour ago| Marija Sara Vella Gafà|03 min readSTMicroelectronics is set to receive funding to upgrade production lines. Photo: STMicroelectronics Malta China’s primacy in microelectronics production is as yet unrivalled. The EU recently decided to pull up its socks and put its money where its mouth is. An €8 billion state-aid package has been approved in its bid to entice chipmakers to build facilities in the US to counter China. One of Europe’s largest microchip producers, Malta’s STMicroelectronics, shall benefit handsomely from this huge financial injection. It will receive well over €20 million to upgrade its production lines. This will enable the locally based company to reach the pinnacle of Smart Factory and Industry 4.0 standards. It was reported that the investment is set to incorporate advanced automation concepts, designed to elevate the quality of devices manufactured in Europe. The Maltese government, through Malta Enterprise, welcomed the news, hailing it as a testament to the nation’s commitment to spearhead industry transformation and embrace cutting-edge technology. Not only will STMicroelectronics upgrade, significantly, its production capacity and cutting-edge […]
Malta’s digital transformation
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