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ST expands SiC power device packaging capacity at a cost of $244 million

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Update time : 2022-06-22 14:39:05
        It is reported that ST has recently opened a new SiC power device packaging production line. The new production line is located in Morocco Casablanca - Settat region of the factory in Bosque Kula. The expansion project cost $244 million and will expand the existing production area by 7,500 square meters, making it the company's second largest plant and a key component of ST's strategy to supply silicon carbide devices to Europe.
 
 
        In addition, ST has also recently announced that it will build a joint fab with GlobalFoundries. According to the news, GlobalFoundries and ST are considering the construction of a semiconductor wafer fab in cooperation with the French government subsidy. Meanwhile, ST also signed a number of cooperation agreements in the first quarter of fiscal 2022, including a four-year technology partnership with German module maker SEMIKRON to jointly develop eMPACK power modules for electric vehicles. The module has been selected by a German OEM with a contract value of around €1 billion.
        ST's silicon carbide products are progressing well and have now become an important part of the company's revenue. According to its financial report, as of the first quarter of fiscal year 2022, the company's silicon carbide products have been sent in 75 customers in 98 projects for testing, of which industrial applications and electric vehicle applications accounted for half each. 
        ST expects revenue from silicon carbide products to be in the range of $700 million in 2022, while this figure will reach $1 billion in 2024.

 
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