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EC and Italian government awards IPCEI ME/CT funding to GlobalWafers/MEMC to establish 300mm wafer production
What happened
GlobalWafers' Italian subsidiary MEMC received a €103 million R&D grant from the Italian government and EU to establish a 300mm semiconductor wafer production facility in Europe. This is part of the EU's IPCEI ME/CT initiative to bolster regional supply chain resilience. Bearish: This long-term capacity addition for a critical raw material could ease future supply constraints and put downward pressure on wafer prices.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
300mm Silicon Wafers
GlobalWafers Co LtdMEMC Electronic Materials S.p.A.
capacity-expansionsubsidygeopolitics
Source and time
Source: Semiconductor Today · 6/26/2024 · View original source
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