Why STMicroelectronics Shares Are Trading Higher Wednesday
Portfolio Pulse from Erica Kollmann
STMicroelectronics announced a joint venture with Sanan Optoelectronics to manufacture 200mm semiconductors in China. The facility is expected to begin production in Q4 2025 and support the increasing demand for electric vehicles, industrial, and energy applications in China. The total cost for the full buildout is estimated to be $3.2 billion.
June 07, 2023 | 4:45 pm
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STMicroelectronics' joint venture with Sanan Optoelectronics to manufacture 200mm semiconductors in China is expected to support the increasing demand for electric vehicles, industrial, and energy applications.
The joint venture will help STMicroelectronics meet the growing demand for semiconductors in China, particularly in the electric vehicle, industrial, and energy sectors. This partnership is expected to contribute to the company's revenue growth and strengthen its position in the market.
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