China’s No 2 foundry to make legacy chips for Europe’s STM, serving mainland auto market

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China’s No 2 foundry to make legacy chips for Europe’s STM, serving mainland auto market - SCMP

Quick Summary:

The move signifies the importance of the Chinese EV market and the country’s progress in legacy chipmaking.

The move signifies the importance of China’s EV market and the country’s progress in legacy chipmaking, amid Beijing’s tech self-sufficiency efforts to overcome Washington’s export restrictions aimed at keeping US core tech out of the hands of the Chinese military.

European chip giant STMicroelectronics (STM) said it will outsource the fabrication of automotive semiconductors to China’s second-largest foundry, in a deal that strengthens China’s role in the legacy chip sector.