Marco Mezger’s Post

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Industrial / Specialty Memory, Storage & Semiconductor Expert

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

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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 👍

Oskaar Wu

Seasoned Executive in Banking, Insurance, Real Estate, Semiconductor. Strong Track Records in Corporate Governance, Compliance, PMO, Real Estate Portfolio, ESG, Risk Management, Big data, AI, CFO CRO & Logistics.

5mo

Is Italy waking up to be the land of inventors again?

Tuan Nguyen

CEO at FIDAFIELD | Investment | Technology | Trade | Supply Chains | PhD in Economics, Banking & Finance | MSc in ICT

5mo

Thanks Marco for sharing.

Frederick Chen

Senior Technology Manager at Winbond Electronics

5mo

All in on SiC?

Dhiraj Wohra

Venture | Deep-Tech | Defence-Tech

5mo

This is a new investment.. STM and Italy, I am still trying to figure out the strategic placement.. thanks Marco..

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