Sanan Optoelectronics and STMicroelectronics to form $3.2B silicon carbide JV in Chongqing

Sanan Optoelectronics and STMicroelectronics signed an agreement to establish a joint venture in Chongqing, China, to produce 8-inch silicon carbide wafers. The total investment is $3.2 billion, with production planned to start in Q4 2025 and full completion by 2028. Sanan will also build a separate $1 billion 8-inch silicon carbide substrate factory.

“本次合资工厂的建立，将为中国碳化硅市场注入新的力量”sanan-e.com

• 2 sources
• sanan-e.com三安光电拟与意法半导体在重庆合资设厂生产碳化硅晶圆-公司新闻-三安光电股份有限公司上海雍熙,https://www.yongsy.comJun 7, 2023
• sanan-semiconductor.comSanan Optoelectronics and STMicroelectronics to set up a joint venture in Chongqing to produce silicon carbide wafers-News-Sanan SemiconductorJun 7, 2023

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