EU funds FastLane project, Valeo and Heraeus have joined

The European Union recently announced a 23 million euro (about 179 million RMB) investment to fund the FastLane semiconductor project, which aims to change the value chain of European silicon carbide electronic power products and help Europe achieve sustainable development of SiC technology. The project is led by Valeo France and brings together 29 semiconductor companies including Heraeus, among which Heraeus will focus on developing new silver sintering materials.