STMicroelectronics To Build EUR 5 Bln Silicon Carbide Facility In Italy

RTTNews | Před 474 dny
STMicroelectronics To Build EUR 5 Bln Silicon Carbide Facility In Italy

(RTTNews) - Semiconductor major STMicroelectronics N.V. announced Friday its plan to build a new manufacturing facility in Catania, Italy for the mass production of 200mm silicon carbide or SiC wafers.

The plant, which is expected to be the world's first fully integrated silicon carbide facility, will be built under the company's projected 5 billion euros multi-year investment program, including 2 billion euros support provided by the State of Italy in the framework of the EU Chips Act.

Earlier in the day, the European Commission approved Italian state aid measures worth 2 billion euros as direct grant for STMicroelectronics to support the construction and operation of the semiconductor manufacturing facility for SiC power devices.

In its statement, STMicroelectronics said the new high-volume 200mm SiC plant is for power devices and modules, as well as test and packaging. These new facilities will form ST's Silicon Carbide Campus, along with the SiC substrate manufacturing facility being readied on the same site.

The new facility is targeted to start production in 2026 and to ramp to full capacity by 2033, with up to 15,000 wafers per week at full build-out.

According to the company, the creation of the new Catania Silicon Carbide Campus is a key milestone as part of its vision of a fully vertically integrated manufacturing facility for the mass production of SiC on one site.

The company plans fully vertically integrated SiC capabilities from R&D to manufacturing, from substrate to module, on the same site. This would enable automotive and industrial customers in their shift to electrification and higher energy efficiency.

ST currently manufactures its flagship high-volume SiC products on two 150-millimeter wafer lines in Catania and Ang Mo Kio in Singapore. The company is also constructing a third 200-millimeter facility in China as a joint venture with Sanan Optoelectronics.

Jean-Marc Chery, President and Chief Executive Officer of STMicroelectronics, said, "The fully integrated capabilities unlocked by the Silicon Carbide Campus in Catania will contribute significantly to ST's SiC technology leadership for automotive and industrial customers through the next decades. The scale and synergies offered by this project will enable us to better innovate with high-volume manufacturing capacity, to the benefit of our European and global customers as they transition to electrification and seek more energy efficient solutions to meet their decarbonization goals."

Značky : STM
read more
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares look set to open on a positive note on Thursday, tracking mixed cues from global markets.
RTTNews | Před 21 minutami
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 45,000 mark, with gains across most sectors led by exporters and technology stocks.
RTTNews | Před 1 h 12 min
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness across most sectors led by mining and energy stocks.
RTTNews | Před 1 h 53 min
U.S. Dollar Advances After Fed Decision

U.S. Dollar Advances After Fed Decision

The U.S. dollar climbed against its major counterparts in the New York session on Wednesday, as the Federal Reserve cut its key interest rate and projected two more reductions for this year.
RTTNews | Před 4 h 29 min
Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.
RTTNews | Před 8 h 28 min
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved above the flat line in late afternoon trade on Wednesday, but failed to sustain momentum and settled marginally down with a few frontline stocks turning weak again.
RTTNews | Před 8 h 54 min
European Markets Close Mixed After Cautious Session

European Markets Close Mixed After Cautious Session

European stocks turned in a mixed performance on Wednesday with investors digesting regional economic data, and awaiting the Federal Reserve's monetary policy announcement due later in the day.
RTTNews | Před 9 h 24 min
Canadian Market Modestly Higher At Noon; BoC Lowers Interest Rate

Canadian Market Modestly Higher At Noon; BoC Lowers Interest Rate

Canadian stocks are up in positive territory around noon on Wednesday with investors reacting to the Bank of Canada's decision to cut interest rates by 25 basis points. The recent weak labor market data and economic slowdown have raised prospects of further easing by the Canadian central bank.
RTTNews | Před 10 h 50 min