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European Commission approves Italian grant of EUR 2 billion for STMicroelectronics’ new chip plant
On May 31, the European Commission approved, under EU State aid rules, a EUR 2 billion Italian measure to support STMicroelectronics (‘ST') in the construction and operation of an integrated chip manufacturing plant for Silicon Carbide (‘SiC') power devices in Catania, Sicily. It is in line with the objectives set ou....
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