Chicago, May 21, 2008 (word count: 358)
France has focused its attention during the past two years on electronic and medical nanotechnologies. Support for these technologies continues to be a priority for the government, which has put in place the best research tax credit in Europe for the sector’s R&D activities, where 50% of R&D costs can be reimbursed the first year. This incentive has lead to an increase in research centers, which in turned has raised the number of companies establishing their nanotech activities in France.
As a result, there are now numerous top-ranking companies and several major competitive clusters in this sector: Minalogic in Grenoble (LETI, STMicroelectronic), System@tic, the Provence-Alpes-Côte d’Azur secure communication solutions cluster, and various skills in nano-electronics in the academic research centers, LETI, LAASI, LPN, IEFI, IEMN, FEMTO. These industries and research bodies have contributed several global key players in the micro-electronics industry: telecommunications operators (France Telecom), telecom hardware manufacturers and service suppliers (Alcatel, Sagem), and smart card manufacturers (Gemalto, Oberthur, ASK).
Many foreign players have chosen France to establish their industrial or research activities (NXP, Atmel, Freescale, Renesas) due to this presence of training centers, public research centers and private companies. In October 2007 NXP inaugurated its new global R&D division dedicated to the semiconductor miniaturization, and its new headquarters in Caen in Normandy. The Californian company Monolothic Power, ranked by Deloitte as one of the strongest growing companies in Silicon Valley, opened its headquarters in Bernin-Crolles (Isère) in January 2007. Boc Edwards, from the Linde group, has transferred its headquarters from London to Grenoble to be close to its customers in the electronics sector and recruit top level experts in the region.
Philippe Favre, President of Invest in France Agency, says, “Microelectronics illustrates the continuing strive for innovation: R&D costs represent around 15% of turnover and production line updates to keep abreast with technological developments represent an investment of around 20% of the same turnover.”
Invest in France Agency (IFA) promotes and facilitates international investment in France. The IFA network operates worldwide. IFA works in partnership with regional development agencies to offer international investors business opportunities and customized services all over France. For more information, please visit www.investinfrance.org.
For more information, please contact:
INVEST IN FRANCE NORTH AMERICA
Benoît Gausseron
Vice President of Marketing and Communications
810 Seventh Ave.
New York, NY 10019
Tel: (212) 757-9340
Fax: (212) 757-1568
E-mail: benoit.gausseron@investinfrance.org
Web: www.investinfrance.org/northamerica
or:
FRENCH TECHNOLOGY PRESS OFFICE
205 North Michigan Avenue, Suite 3740
Chicago, IL 60601
Fax: (312) 327-5261
E-mail: contact.ftpo@ubifrance.fr
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