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On Wednesday, China’s Sanan Optoelectronics and Europe’s STMicroelectronics signed an settlement to construct a $3.2 billion semiconductor three way partnership in Chongqing, supporting rising home demand for silicon carbide units within the electrical automobile trade. Silicon carbide is a compound semiconductor which is utilized in EV’s important energy techniques. EV makers together with Tesla, BYD, and Nio all use silicon carbide units of their autos. The Chongqing manufacturing facility is ready to finish development in 2025 and is predicted to provide 10,000 8-inch silicon carbide wafers per week at full manufacturing capability by 2028. [Caixin, in Chinese]
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