STMicroelectronics Announces World's First Fully Integrated Silicon Carbide Facility In Italy
Portfolio Pulse from Benzinga Newsdesk
STMicroelectronics (STM) has announced the establishment of the world's first fully integrated silicon carbide (SiC) facility in Catania, Italy. This new high-volume 200mm SiC manufacturing facility will focus on power devices and modules, including test and packaging. The project involves a multi-year investment of 5 billion euros, with 2 billion euros in support from the State of Italy under the EU Chips Act. The facility aims to support automotive and industrial customers in their transition to electrification and higher energy efficiency.
May 31, 2024 | 7:23 am
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STMicroelectronics (STM) is set to build the world's first fully integrated silicon carbide facility in Catania, Italy. This significant investment of 5 billion euros, with 2 billion euros in support from the State of Italy, will enhance STM's capabilities in the SiC market, supporting automotive and industrial customers in their shift to electrification and higher energy efficiency.
The establishment of a fully integrated SiC facility positions STM as a leader in the SiC market, which is crucial for the automotive and industrial sectors' shift to electrification and energy efficiency. The significant investment and state support indicate strong future growth potential.
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