Share Name Share Symbol Market Type
ST Microelectronics EU:STM Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.01 2.37% 43.69 43.60 43.80 44.075 42.165 42.63 3,219,107 16:40:00

EU Commission to Support STMicroelectronics New Italy Plant With $292 Million

05/10/2022 7:29am

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By Cecilia Butini


The European Commission said Wednesday that it has approved a tranche of Italy's post-pandemic aid which would support STMicroelectronics NV in the construction of a semiconductor plant in Italy with 292.5 million euros ($292.1 million)

The grant will support the company's EUR730 million investment for the construction of the plant, which is located in Catania, the Commission said. The establishment will focus on silicon carbide wafers, which serve as a base for microchips used in electric vehicles, fast-charging stations and the like.

Executive Vice-President Margrethe Vestager, who is in charge of competition at the Commission, said the approved Italian measure will strengthen Europe's semiconductor supply chain.


Write to Cecilia Butini at


(END) Dow Jones Newswires

October 05, 2022 02:14 ET (06:14 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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