The European Commission on Friday
approved Italian state aid measures worth 2 billion euros to support chipmaker STMicroelectronics
set up a new semiconductor manufacturing facility in
Catania,.
STMicroelectronics to build the world s first fully integrated silicon carbide facility in Italy | 31 05 24
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EU Clears 2 Billion Italian State Aid for STMicroelectronics Chip Plant in Sicily
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CATANIA, Italy (Reuters) -The European Commission on Friday approved Italian state aid for chipmaker STMicroelectronics to build a 5 billion euro ($5.4 billion) plant in Catania, Sicily, to make specialist microchips that boost energy efficiency in electric cars.