STMicroelectronics plans $1.5B investment to reach $12B revenue target

STMicroelectronics plans to invest $1.5 billion in strategic initiatives, including $400 million for fab upgrades and new substrate technology development at the Agrate fab, GaN power technologies, and 200mm SiC wafer capacity, to achieve a mid-term revenue target of $12 billion.

“STMicroelectronics plans to invest $1.5 billion in strategic initiatives to achieve its mid-term target of $12 billion revenue.”eetimes.com

• 1 source
• eetimes.comST to Invest $1.5B to Meet $12B Mid-Term Revenue Target - EE TimesNitin DahadJan 27, 2020

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