STMicroelectronics and Sanan Plan Silicon Carbide Cooperation in Chongqing

Chongqing - On June 8, Sanan Optoelectronics, a company engaged in the semiconductors industry, and STMicroelectronics, Europe’s second-largest chip maker by revenue, signed a silicon carbide project cooperation agreement in Southwest China’s Chongqing Municipality.

Yuan Jiajun, secretary of the Communist Party of China Chongqing Municipal Committee, said that this flagship project signed and implemented is strategic, fundamental, and significant to Chongqing’s development.

Yuan said that Chongqing is committed to providing robust support and services, joining hands with the companies to ensure swift project construction and operation, and striving to create a high-quality, efficient, and profitable project while prioritizing safety.

Yuan added he hopes that companies will seize new development opportunities, increase their investment in Chongqing, and explore broader avenues of cooperation in the region.

Chongqing government officials witnessed the Agreement Signing Ceremony between Sanan Optoelectronics and STMicroelectronics on June 8. (Photo/Visual Chongqing)

Jean-Marc Chery, STMicroelectronics’ President and CEO, and Lin Xiucheng, Chief of Sanan Group, were grateful to Chongqing for their great attention and strong support for the cooperative project.

Chery said that Chongqing’s proactive advancement in intelligent connected vehicles and the new generation of electronic information manufacturing aligns perfectly with the company’s strategic goals.

He said the project’s establishment in Chongqing would strengthen the company’s local production and supply capabilities. Both parties will collaborate to expedite the project’s production and operation, contributing to China’s low-carbon development, digital energy, and electrification efforts.

Lin is confident in investing in Chongqing due to its favorable business environment. Sanan Group plans to drive the project forward with state-of-the-art technology, cutting-edge equipment, a seasoned management team, and extensive industrial development expertise. This investment will contribute to Chongqing’s economic and social progress.

Currently, Chongqing is accelerating the development of a modern industrial system,  emphasizing digitalization, networking, and intelligent advancements across industries. 

Special attention is being given to green and low-carbon initiatives, focusing on building leading industrial clusters in intelligent connected vehicles, the new generation of electronic information manufacturing, and advanced materials. These efforts aim to strengthen the security and resilience of industrial chains and supply networks.