ST will build an integrated silicon carbide (SiC) substrate manufacturing plant in Italy, and it is expected to start production in 2023 to support ST's customers' increasing demand for silicon carbide components for automotive and industrial applications. To electrify and pursue greater efficiency.

This silicon carbide substrate plant is adjacent to the company's existing silicon carbide component manufacturing plant. In the future, it will become the first mass production base for 6-inch silicon carbide epitaxial substrates in Europe, integrating all procedures in the production process. STMicroelectronics said the next step will be to develop 8-inch wafers.

The plan, with an investment of 730 million euros over five years, will be financed by the Italian government through the National Recovery and Resilience Plan and will create about 700 direct jobs when fully completed.

The president and CEO of STMicroelectronics said that STMicroelectronics is promoting the transformation of its manufacturing business globally,

inch wafer manufacturing capacity and intensified focus on wide-gap semiconductor business to support our ambitious goal of surpassing $20 billion in revenue.

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