Europe’s No 2 chip maker STMicroelectronics to form US$3.2 billion semiconductor joint venture with China’s Sanan Optoelectronics in Chongqing
Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.
The new joint venture underscores China’s efforts to remain strong in ‘legacy semiconductors’ amid US trade sanctions that restrict the mainland’s access to advanced integrated circuits and chip-making equipment.