Loading…
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' wholly-owned subsidiary Hunan Sanan signed a strategic procurement意向 agreement to supply silicon carbide chips to an unnamed customer, with an estimated total value of 3.8 billion yuan (including tax) from 2023 to 2027.