STMicroelectronics to Build €5 Billion Plant in #Italy with #EU Chips Act Aid STMicroelectronics NV said it plans to spend €5 billion ($5.4 billion) on a #manufacturing plant for #chips and packaging in #Catania, #Italy in a multi-year project that’s being partly funded by the #EuropeanUnion's #ChipsAct. The Italian government, within the Chips Act framework, will give STMicro €2 billion in #subsidies, the company said in a statementon Friday. The plant, which will specialize in silicon-carbide manufacturing as well as testing and packaging, will start production in 2026 and targets hitting full capacity by 2033, it said. Thanks again to Jillian Deutsch and Bloomberg News for the full article with more background and insights via the link below 💡🙏👇 https://lnkd.in/eDircssY #semiconductorindustry #semiconductor #semiconductors #technology #tech #innovation #geopolitics #automotiveindustry #chip #car #ev #evs
Is Italy waking up to be the land of inventors again?
Thanks Marco for sharing.
All in on SiC?
This is a new investment.. STM and Italy, I am still trying to figure out the strategic placement.. thanks Marco..
Italian semiconductor companies were once leaders in flash memory sector. I learned so much from italian colleagues i work with. So artistic , so intelligent just like Da Vinci, Michaelangelo blending art and science into engineering work 👍