France is investing heavily in semiconductor manufacturing but lacks a clear strategic roadmap, according to a critical report from the Cour des comptes, the country's national audit office. Between 2018 and 2025, public aid for the microelectronics sector is programmed to reach €8.7 billion.
The auditors warn that this massive financial commitment is not guided by a clear mapping of national industrial needs or by quantified objectives for different types of chips. This strategic ambiguity risks diluting the impact of the investment.
The report cites the "Liberty" project—a joint venture between STMicroelectronics and GlobalFoundries to build a new fab in Crolles—as a prime example that illustrates both France's ambitions and the underlying strategic shortcomings. While emblematic of the investment push, the project underscores the absence of a broader, targeted framework to ensure such initiatives collectively serve defined national and European sovereignty goals.
The Cour des comptes concludes that without establishing precise benchmarks and a coherent industrial policy, France's considerable public spending may not yield the desired strengthening of the semiconductor value chain or technological autonomy.