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AMSTERDAM (Reuters) – China remains a key growth market for French-Italian semiconductor giant STMicroelectronics, despite rising U.S.-China tensions over semiconductors, the company’s chief executive said. ) said on Tuesday.
At Citi’s technology conference in London, CEO Jean-Marc Shelley said the company would invest in older generations of chips following a U.S.-led campaign to block Chinese companies’ production efforts. The company said it was not daunted by the Chinese chipmaker’s plans. Unique advanced chip.
He said the company believes it is essential to enter the Chinese market for electric vehicles, digital power control and renewable energy.
STM is a leading manufacturer of automotive chips and microcontrollers, competing with companies that make chips at less advanced manufacturing nodes (sizes), such as Texas Instruments, NXP, ON Semiconductor, and Renesas.
Industry group SEMI predicts that chipmakers in mainland China will increase production capacity by about 12% this year, more than any other country, with the help of heavy government subsidies.
Witnessing huge investments in mainstream technology by Chinese chipmakers is certainly a risk for us, Chery said. “But it’s also an opportunity.”
But he said the company’s strategy to invest in local production, including a joint venture with Sanan Optoelectronics to produce silicon carbide-based chips, will ensure its growth.
“Currently, China accounts for 15% of our revenue. We know that for some markets, like silicon carbide, China will be the fastest growing market. “Penetration will continue to increase,” he said.
(Reporting by Toby Sterling; Editing by Alexandra Hudson)
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