Thursday, October 12, 2017
ST is to build two new 300mm fabs costing $3.63 billion according to Usine Nouvelle.
ST will look for funding for the fabs from the French and Italian governments which own 27.5% of the company.
The fabs will be located in Agrate and Crolles.
ST has not built a 300mm fab since 2002 when it built Crolles 2 with Motorola and Philips. Motorola (later Freescale) and Philips pulled out of the collaboration in 2007.
In 2004, under former CEO Pasquale Pistorio, ST built a 300mm fab shell in Catania but it was never equipped.
The decision to build two new fabs will be seen as a triumph for ST deputy CEO and presumed CEO-in-waiting Jean-Marc Chery who has always been STís digital champion
Chery says that 10-15% of STís capacity is booked out to foundries and that STís own fabs are fully loaded.
ST is undergoing a major revival Ė itís †share price has doubled this year.
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