STMicroelectronics (STM) closed the most recent trading day at $38.67, moving -0.21% from the previous trading session.
Global semiconductor leader STMicroelectronics N.V. (NYSE: STM) and Soitec (OTC: SLOIF) (OTC: SLOIY) disclosed the next stage of their cooperation on Silicon Carbide (SiC) substrates. The deal included the qualification of Soitec's SiC substrate technology by STMicroelectronics, planned over the next 18 months. STMicroelectronics aims to adopt Soitec's SmartSiC technology for its future 200mm substrate manufacturing, feeding its devices and modules manufacturing business, with volume production
French semiconductor materials supplier Soitec and chipmaker STMicroelectronics said on Thursday they were deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry. The material, silicon carbide (SiC), is used to make a growing number of chips that improve the power management of electric vehicles. It is also a driver of growth for the two firms, which have benefited lately from a global chip shortage and the subsequent rise in demand and prices.