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What will be the primary production output of silicon-carbide semiconductors from the new plant in its first year by end of 2026?
5
Resolution / Starting Odds
Less than 100,000 units • 33%
100,000 to 500,000 units • 33%
More than 500,000 units • 33%
Company reports or industry analysis
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STMicroelectronics to Build €5B ($5.42B) Chip Plant in Sicily, Italy with EU Support
May 31, 2024, 07:47 AM
STMicroelectronics, a Swiss chipmaker and key supplier for companies like Apple, Tesla, and Samsung, has announced plans to build a €5 billion ($5.42 billion) semiconductor manufacturing plant in Catania, Sicily, Italy. The project, which aims to bolster semiconductor production in Europe, will be partially funded by the European Union's Chips Act, with the EU providing €2 billion in state aid. The new facility will focus on producing silicon-carbide semiconductor products.
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