Development is covered under other projects as I indicated in copy.
The EEM450PR ?project on pilot line readiness, which began in February 2012 has a budget of 84 million euro (about $108 million) of which the European Commission is funding 14 million euro (about $18 million).
It's strange there's no European semiconductor company involved. Does it mean ST already consider it has no long term future ??? I guess it explains the limited funding. Why EC would found Intel that has no fab in Europe?
Intel and GlobalFoundries both have major state of the art fabs in Europe. One goal is to persuade them in due course to upgrade these to 450mm. In the meantime the imec 450mm pilot line currently in construction will be the most advanced 450mm facility once it is complete.
We have already proposed a way in which ST could become involved in 450mm technology but they currently have alternative plans.