STMicroelectronics and Sanan Optoelectronics to create a Joint Venture (‘JV’) for high-volume 200mm SiC device manufacturing- JV will support rising demand for
STMicroelectronics SiC devices inChina for car electrification and industrial power and energy applications - Sanan to build separately a 200mm SiC substrate manufacturing facility to fulfill the JV’s needs
The JV will make SiC devices exclusively for
The total amount for the full buildout of the JV is expected to be about
“
“The establishment of this joint venture will be a major driving force for the wide adoption of SiC devices on the Chinese market,” said
The completion of the project is subject to regulatory approvals.
Forward-looking Information (ST)
Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) that are based on management’s current views and assumptions, and are conditioned upon and also involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those anticipated by such statements, due to, among other factors:
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U.S. dollar exchange rate as compared to the Euro and the other major currencies we use for our operations; - the outcome of ongoing litigation as well as the impact of any new litigation to which we may become a defendant;
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- potential loss of key employees and potential inability to recruit and retain qualified employees as a result of epidemics or pandemics such as the COVID-19 pandemic, remote-working arrangements and the corresponding limitation on social and professional interaction;
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- industry changes resulting from vertical and horizontal consolidation among our suppliers, competitors, and customers; and
- the ability to successfully ramp up new programs that could be impacted by factors beyond our control, including the availability of critical third-party components and performance of subcontractors in line with our expectations.
Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of our business to differ materially and adversely from the forward-looking statements. Certain forward-looking statements can be identified by the use of forward looking terminology, such as “believes,” “expects,” “may,” “are expected to,” “should,” “would be,” “seeks” or “anticipates” or similar expressions or the negative thereof or other variations thereof or comparable terminology, or by discussions of strategy, plans or intentions.
Some of these risks are set forth and are discussed in more detail in “Item 3. Key Information — Risk Factors” included in our Annual Report on Form 20-F for the year ended
Unfavorable changes in the above or other risks or uncertainties listed under “Item 3. Key Information — Risk Factors” from time to time in our
and/or financial condition.
About
At ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and connectivity. We are committed to achieving our goal of becoming carbon neutral by 2027. Further information can be found at www.st.com.
About Sanan Optoelectronics
Sanan is engaged in the research, development and manufacturing of a wide range of compound semiconductor products, including SiC, GaN, full range visible LEDs,
For further information, please contact:
MEDIA RELATIONS:
Tel: + 33 6 59 16 79 08
alexis.breton@st.com
INVESTOR RELATIONS:
Group VP, Investor Relations
Tel: +41 22 929 58 12
celine.berthier@st.com
SANAN OPTOELECTRONICS
Li Xuetan
Secretary of the board, Investor Relations
Tel:+86 13886596919
600703@sanan-e.com
Attachment
- C3186C - ST-Sanan Optoelectronics PR - Sic - FINAL FOR PUBLICATION
Source:
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