STMicroelectronics and Sanan Optoelectronics form $3.2B SiC joint venture in Chongqing

STMicroelectronics and Sanan Optoelectronics agreed to form a $3.2 billion joint venture in Chongqing, China, to manufacture 200mm silicon carbide devices for EV, industrial and energy sectors. Production is expected to start in Q4 2025 with full buildout by 2028.

“China is moving fast towards electrification in automotive and industrial, and this is a market where ST is already well-established with many engaged customer programmes.”finance.yahoo.com

• 1 source
• finance.yahoo.comEurope's No 2 chip maker STMicroelectronics to form US$3.2 billion semiconductor joint venture with China's Sanan Optoelectronics in ChongqingSouth China Morning PostJun 7, 2023

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