04:20 AM EDT, 05/31/2024 (MT Newswires) -- STMicroelectronics ( STM ) said Friday it plans to build "the world's first fully integrated" silicon carbide facility in Catania, Italy.

The 5 billion euros ($5.41 billion) factory, which includes 2 billion euros in support by the government of Italy, will produce up to 15,000 200mm silicon carbide wafers for various semiconductors per week, the company said.

Production is expected to begin in 2026.

The plant will include both R&D and manufacturing components to serve customers in the automotive, industrial, and cloud infrastructure sectors, the company said.

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