First-tier IDMs believe new capacity may not be sufficient

Some consumer IC designers are concerned about possible competition from IDMs in Europe and the US, who they fear could be forced to join the supply of consumer chips to boost the utilization rates for their additional capacities to be commercialized in the next few years, but most IDMs still believe their new capacities may not be enough to meet strong chip demand for automotive, infrastructure, and IoT applications.

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NanoMalaysia is at the vanguard of Malaysia’s EV revolution

Malaysia is the only country in Southeast Asia to have all its homegrown electric vehicle (EV) players, ranging from upstream to downstream, clustered within its borders. Even though the country has abundant resources, the most troubling is it doesn’t have provisions for EV manufacturing, including batteries, EVs, or even charging infrastructure, according to the country’s budget in 2022.

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STMicroelectronics to invest in Italian fab, aiming to source 40% of SiC in-house by 2024

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. The fab is scheduled to enter production in 2023. Financial Times reported that the project would receive EUR292 million in EU state aid, but the aid from the Italian government remains unclear.

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