The Switzerland-based STMicroelectronics (ST) is to invest EUR730 million (approx. US$716 million) over the next five years to build a silicon carbide (SiC) fab in Italy - its first SiC fab in Europe.

As US President Joe Biden prepares to leave office on January 20, 2025, concluding a presidency marked by CHIPS Act initiatives to expand US semiconductor manufacturing, Europe's parallel attempts to ...