The European Commission (Commission) has approved financial assistance by the French Government to the Nano 2012 research and development Programme (Programme). The Programme is designed to develop and produce the next generation of integrated circuits. The Programme is expected to cost over €2bn of which €457m will come from State funding. The main beneficiary will be STMicroelectronics, which is heading the Programme. The Commission found that the conditions for the aid are consistent with its guidelines on state aid for research, development and innovation. The results of the Programme are expected to have benefits for the EU as a whole and the Commission accepted that private funding alone would not have resulted in a programme of equivalent size and scope, in light of the technological and commercial risks.