European chipmakers STMicroelectronics and Sanan Optoelectronics said today that the two parties plan to establish a joint venture factory in Chongqing, China, to manufacture 8-inch silicon carbide (SiC) devices, which are mainly used in electric vehicles., industrial power and other energy fields.
▲ Picture source STMicroelectronics official website
The two companies said that the total cost of the new joint venture factory industry is expected to be about 3.2 billion US dollars, of which 2.4 billion US dollars is expected to be invested in the next five years. The plant is expected to start production in the fourth quarter of 2025 and be fully inaugurated in 2028.
At the same time, Sanan Optoelectronics will use its own SiC substrate process to independently build and operate a new 8-inch SiC substrate manufacturing plant to meet the substrate needs of the joint venture factory.
Jean-Marc Chery, CEO of STMicroelectronics, said: “China is developing rapidly in the direction of automotive and industrial electrification. This is a market where STMicroelectronics has already operated and has many important customers. With local A valued partner to establish a dedicated manufacturing enterprise that can meet the growing demands of our customers in the most efficient manner.”
It was previously reported that Jean-Marc Cherry visited China in November last year. This is also the first CEO of a global semiconductor company to visit China nearly three years after the outbreak. The financial report shows that in the first quarter of this year, STMicroelectronics’ revenue reached US$4.25 billion, a year-on-year increase of 19.8%. dazzling.
