Netherlands-based computer chip maker NXP said on Wednesday it has secured a 1 billion euro ($1.03 billion)loan from the European Investment Bank (EIB) to support research and development projects in five European countries.

NXP secures €1 billion EIB loan to advance semiconductor innovation in Europe. Loan supports EU's tech program and NXP's R&D efforts through 2026.

NIJMEGEN, Netherlands (Reuters) - Netherlands-based computer chip maker NXP said on Wednesday it has secured a 1 billion euro ($1.03 billion)loan from the European Investment Bank (EIB) to support research and development projects in five European countries.

Dutch-based NXP Semiconductors announced on Wednesday that the company has secured a loan worth €1 billion ($1.03 billion) from the European Investment Bank (EIB). "As semiconductors are key to the digital and green transitions,