San'an Optoelectronics: a subsidiary has set up a joint venture with Italian Semiconductor to engage in silicon carbide epitaxy and chip production.

[San'an Optoelectronics: subsidiary and Italian Semiconductor set up a joint venture company engaged in silicon carbide epitaxy and chip production] San'an Optoelectronics announced that Hunan Sanan and Italian France Semiconductor will jointly set up a joint venture foundry company specializing in silicon carbide epitaxy and chip production Sanan Italian Semiconductor (Chongqing) Co., Ltd., the total investment of the joint venture company is expected to be 3.2 billion US dollars. Investment will be required one after another according to the progress of the joint venture company. It was announced on the same day that in order to speed up the layout of vehicle gauge-grade silicon carbide chips, Hunan Sanan decided to set up a wholly owned subsidiary Chongqing Sanan Semiconductor Co., Ltd., which is mainly engaged in the production of silicon carbide substrates, with an estimated total investment of 7 billion yuan.