STMicroelectronics, a key supplier for Apple, Tesla, and Samsung, is investing around €5 billion ($5.42 billion) to build a new chip-manufacturing plant in Catania, Sicily, Italy. The EU will provide €2 billion in subsidies under the European Chips Act. The facility will produce silicon-carbide semiconductor products.
STMicro bags €2B from Europe for Sicily car chip fab https://t.co/6UNxgttXC7
STMicro will receive a direct grant of €2 billion euros for a €5 billion (US$5.4 billion) semiconductor fab project in Catania, Sicily, aimed at producing #ElectricVehicle chips made from silicon carbide (SiC), media report, with grant money coming from the EU Chips Act. The…
STMicroelectronics to Build $5 Billion Plant in Italy With State Support $STM https://t.co/CQPo4xxNOq
STMicroelectronics has announced plans to build a giant chip-making factory in Italy https://t.co/F0Tx7I8B74
.@ST_World makes Sicily 🇮🇹 a center of excellence for semiconductor production in Europe & worldwide. They help us secure our 🇪🇺 chips supply. I am happy to announce that we approve a 2bn€ Italian state aid for their new sillicon carbide plant in Catania. @adolfo_urso https://t.co/7fMWbM48OO
⚠️ EU'S VESTAGER: NEW STMICRO PLANT IN ITALY SENDS SIGNAL TO OTHER GEOPOLITICAL REGIONS NOT TO OVERBUILD CAPACITY
STMicroelectronics to Build €5B ($5.42B) Chip Plant in Sicily, Italy with EU Support https://t.co/Ev7vN1Hjvs
Swiss chipmaker STMicroelectronics is set to build a €5bn plant in Italy. The EU is covering almost half of the costs https://t.co/F0Tx7I8B74
STMicro announces plans to spend €5B on a chips manufacturing plant in Catania, Italy with the government providing €2B in subsidies under European Chips Act (@deutschjill / Bloomberg) https://t.co/UTwxejmw4V 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/MaU44nzZOJ
STMicroelectronics to Build $5.4B Chip Plant in Italy $STM, a key supplier for Apple, Tesla, and Samsung, plans to invest around €5 billion ($5.42B) in a new chip-manufacturing plant in Catania, Sicily. The facility will produce silicon-carbide semiconductor products, crucial…