Hunan Sanan Semiconductor

The Sanan STMicroelectronics project in Chongqing, China, with a total investment of about 30 billion yuan, is expected to start production in August 2024, two months ahead of schedule. The project includes a silicon carbide substrate factory operated by Sanan Optoelectronics and a chip factory jointly owned by Sanan (51%) and STMicroelectronics (49%).

Sanan Optoelectronics' subsidiary Hunan Sanan Semiconductor will establish a new subsidiary in Chongqing to produce 8-inch silicon carbide substrates, with an estimated total investment of CNY 7 billion. The plant will have an annual capacity of 480,000 substrates.

Sanan Optoelectronics' subsidiary Hunan Sanan Semiconductor signed a strategic procurement意向 agreement with an unnamed NEV company to supply silicon carbide chips, with estimated total value of CNY3.8 billion from 2023 to 2027.

Hunan Sanan Semiconductor has officially inaugurated a vertically integrated SiC production line in Changsha, China, with an investment of 16 billion RMB ($2.5 billion). The facility handles crystal growth to power devices and has a monthly output capacity of 30,000 6-inch SiC wafers.