STMicroelectronics completes full acquisition of Norstel AB

STMicroelectronics closed the full acquisition of Swedish silicon carbide wafer manufacturer Norstel AB for $137.5 million, exercising its option to buy the remaining 45% stake.

“At a time of constrained global capacity for silicon carbide, the full acquisition of Norstel will strengthen our internal SiC ecosystem.”globenewswire.com

• 1 source
• globenewswire.comSTMicroelectronics closes acquisition of silicon carbideSTMicroelectronics International NVDec 2, 2019

Summarized from public sources; check the original articles before acting on it.