# Sanan and STMicroelectronics to invest $3.2B in EV chip JV in Chongqing

Sanan Optoelectronics and STMicroelectronics have agreed to jointly invest $3.2 billion in a joint venture to produce silicon carbide devices for electric vehicles at a new plant in Chongqing, China. Sanan will also build a separate CNY 7 billion SiC substrate plant in Chongqing.

- Type: Investment
- Announced: 2023-06-08
- Where: Chongqing, China
- Value: $3.20B
- Starts operating: Q4 2025
- Status: announced
- Capacity: 10,000 eight-inch SiC wafers per week (JV); 480,000 eight-inch SiC substrates per year (Sanan plant)
- Products: silicon carbide devices, SiC wafers, SiC substrates
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [STMicroelectronics](https://endata.com/companies/21952.md) (partner)
- [Sanan Optoelectronics](https://endata.com/companies/23824.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/20230608-02-chinas-sanan-switzerlands-stmicroelectronics-to-invest-usd32-billion-in-sic-chipmaking-jv-in-china), 2023-06-08: "The establishment of this JV will be a major driving force for the wide adoption of SiC devices on the Chinese market."

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