STMicroelectronics' official microblog announced that the company has signed a long-term silicon carbide (SiC) supply agreement with Ideal Auto. According to the agreement, STMicroelectronics will provide Ideal Auto with silicon carbide MOSFETs to support Ideal Auto's strategic deployment in entering the high-voltage pure electric vehicle market. Secretary Dong, what is the specific progress of the cooperation between the company and STMicroelectronics? This time, STMicroelectronics and Ideal Auto signed an agreement. Will the supply be provided by the company?

Sanan Optoelectronics: Hunan Sanan and STMicroelectronics have established a joint venture foundry company, Sanan Semiconductor Co., Ltd. in Chongqing, which produces silicon carbide epitaxy and chips and sells them exclusively to STMicroelectronics. The joint venture will complete phased construction and gradually start production in 2025, and reach full production in 2028. The planned production capacity after reaching full production is 10,000 pieces/week. At present, the construction of the joint venture Sanan project is progressing in an orderly manner.