STMicroelectronics has announced plans to build a giant factory in Italy that will make specialist microchips for EVs and other high-voltage power devices. The Swiss firm is the world’s largest producer of silicon carbide microchips, particularly valued by automakers for being lightweight, energy-efficient, and strong. This translates to EVs that can drive further and are less prone to technical failures. STMicroelectronics’ new facility will specialise in making 200mm wafers. It will be located in Catania, on the island of Sicily. Building it is expected to cost in the region of €5bn. The EU has agreed to foot €2bn of the…
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