PLUS1
| 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
Dow Jones News
ST Microelectronics (EU:STM)
Historical Stock Chart
From Jul 2022 to Jan 2023
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 cecilia.butini@wsj.com
(END) Dow Jones Newswires
October 05, 2022 02:14 ET (06:14 GMT)
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