STMicroelectronics And Sanan Optoelectronics Announced Earlier, A Joint Venture For high-Volume 200mm SIC Device Manufacturing In China
Portfolio Pulse from Charles Gross
STMicroelectronics (NYSE:STM) and Sanan Optoelectronics (SHA.600703) have signed an agreement to create a joint venture for high-volume 200mm silicon carbide device manufacturing in Chongqing, China. The new SiC fab is set to start production in Q4 2025, with full buildout anticipated in 2028, supporting the rising demand for car electrification and industrial power applications in China.
June 07, 2023 | 9:08 am
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STMicroelectronics partners with Sanan Optoelectronics to create a joint venture for high-volume SiC device manufacturing in China, targeting production start in Q4 2025.
The joint venture between STMicroelectronics and Sanan Optoelectronics will help both companies tap into the growing demand for SiC devices in China, particularly in the automotive and industrial sectors. This partnership is expected to have a positive impact on STM's stock price in the short term as it expands its market presence and product offerings.
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