THE EUROPEAN Commission has decided not to oppose the granting of state aid by Italy to the Franco-Italian company ST Microelectronics for three research projects costing the equivalent of some pounds 275 million. The maximum aid permitted under EU regulations is pounds 86 million.

ST Microelectronics said it will research advanced R&D equipment in the field of non-volatile flash memories at its research centre at Agrate Brianza in Italy on condition it gets state support. Flash memory bytes, like DRAM (Dynamic Random Access ...

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