# 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.

- Type: Investment
- Announced: 2020-01-27
- Where: Agrate, Italy
- Value: $1.50B
- Status: announced
- Products: BCD, IGBT, GaN power technologies, silicon carbide wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [STMicroelectronics](https://endata.com/companies/21952.md)

## Sources

- [eetimes.com](https://www.eetimes.com/st-to-invest-1-5b-to-meet-12b-mid-term-revenue-target/), 2020-01-27: "STMicroelectronics plans to invest $1.5 billion in strategic initiatives to achieve its mid-term target of $12 billion revenue."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.