the semiconductor company controlled by Italy’s Ministry of Finance and the French public bank Bpifrance signed a strategic agreement with Chinese firm Innoscience for the development and production of gallium nitride (GaN) technology—a high-performance semiconductor that operates with minimal heat generation STMicroelectronics has long maintained a centre of excellence in power technologies in Catania where a specialised research hub collaborates closely with the National Research Council of Italy supported by around €30 million in public funding The situation is compounded by challenges at STMicroelectronics’ facility in Agrate Brianza which has become secondary to the French plant in Crolles The move reflects strategic drift at STMicroelectronics The STMicroelectronics-InnoScience deal could open the door to deeper technological entanglement with China Italy has enacted a “Buy Transatlantic” measure for public procurement of ICT and cybersecurity systems tied to critical national infrastructure.. A joint declaration was signed to commit both nations to collaborate on sustainable supply chains for critical raw materials Decode39 is a spin-off project stemming from Formiche a leading geopolitical and analytical news outlet that has been informing Italian decision-makers since 2004 We provide authoritative content and geopolitical insights taking advantage of Italy’s unique perspective as a global crossroads to reach English and Arab-speaking readers around the world authoritative content and geopolitical insights from Italy to Arabic readers around the world DECODE39 IN ARABIC> This year you can find Kroll at stand R9.k. Here is what you can expect when you stop by: Whether we have a long-standing relationship or you’re meeting us for the first time, we’d be delighted to see you at the event. Stay Ahead with Kroll Valuation Advisory ServicesOur valuation experts provide valuation services for financial reporting, tax, investment and risk management purposes. 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For all media inquiries, please contact the Kroll Communications team by email: [email protected] As the leading independent provider of financial and risk advisory solutions data and technology to help clients stay ahead of complex demands Learn More Our services include claims and noticing administration debt restructuring and liability management services Compliance and RegulationEnd-to-end governance advisory and monitorship solutions to detect Corporate Finance and RestructuringMiddle Market M&A Cyber and Data ResilienceIncident response Social and GovernanceAdvisory and technology solutions disclosures and reporting and investigations World-wide expert services and tech-enabled advisory through all stages of diligence assets and alternative investments for financial reporting 1 for Global Fairness OpinionsOur Opinions Practice is a global leader in Fairness Opinions and Special Committee Advisory ranking #1 for total number of fairness opinions Globally for 2024 according to LSEG (FKA Refinitiv) Learn More Stay up to date on Hellas Verona and the promotions dedicated to you: sign up for our newsletter                 Partners to accelerate ST Agrate R3 300mm fab ramp-up to large volumes Geneva, Switzerland and Migdal Haemek, Israel, June 24, 2021 – STMicroelectronics (NYSE:STM) a global semiconductor leader serving customers across the spectrum of electronics applications and Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) the leading foundry of high-value analog semiconductor solutions announced today an agreement by which ST will welcome Tower to its Agrate R3 300mm fab under construction on its Agrate Brianza site in Italy ST and Tower will join forces for an accelerated fab ramp-up a key factor to reach a high utilization level and therefore a competitive wafer cost with Tower installing its own equipment in one third of the total space The fab is expected to be ready for equipment installation later this year and start production in the second half of 2022 ST and Tower will share the clean room space and the facility infrastructure Both companies will invest in their respective process equipment and work together on the acceleration of the fab qualification and subsequent ramp-up Operations will continue to be managed by ST with select Tower personnel seconded to ST in specific roles to support fab qualification and volume ramp-up as well as other engineering and process roles analog mixed signal and RF processes will be qualified in R3 The products in these technologies will be notably used in automotive industrial and personal electronics applications “The key parameter for industrial and economic performance of a fab is its utilization With Tower we have a great partner for analog power and mixed-signal volume manufacturing that will enable us to qualify and ramp up the Agrate R3 300mm fab significantly faster This will enable an optimal utilization of the fab almost right from the early stage of production The capacity of the full build-out state of the fab could even be increased compared to the original capacity estimate of 2018 “The products manufactured in Agrate R3 will support the automotive industrial and personal electronics markets They will contribute to ease the supply tensions in a wide range of applications in the mid to longer term.” “We are very pleased to announce this partnership with STMicroelectronics  ST is well known for its leading technology will be significantly enhanced by this activity in Agrate; more than tripling Tower’s 300mm foundry capacity to well service our customers’ increasing demand within these fast-growing markets.”  Tower will establish a wholly-owned Italian subsidiary Tower will provide details on its significant cap-ex investment schedule and amounts invested as the project progresses Investor RelationsCéline BerthierGroup VP, Investor RelationsTel: +41 22 929 58 12celine.berthier@st.com Media relationsAlexis BretonCorporate External CommunicationsTel: + 33 6 59 16 79 08alexis.breton@st.com Investor Relations Contact:Noit Levi | +972-4-604-7066 | noitle@towersemi.com including any projections made with respect to this project’s prospects as well as with respect to our respective business and activities which are subject to risks and uncertainties Actual results may vary from those projected or implied by such forward-looking statements and you should not place any undue reliance on such forward-looking statements risks and uncertainties associated with fab establishment products and technology qualification schedule joint venture and/or capital lease transactions for capacity enhancement in advanced technologies all of which may entail new customer engagements technology and process qualification and production facility ramp-up and which project may require additional funding the availability of which cannot be assured on favorable terms A more complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect our respective business is included under the heading "Risk Factors" in ST’s and Tower’s most recent filings on Forms 20-F and 6-K as were filed with the Securities and Exchange Commission (the “SEC”) and the Dutch Authority for the Financial Markets and the Israel Securities Authority Future results may differ materially from those previously reported and expressly disclaim any obligation to update Clemente VismaraCourageous missionary in MyanmarPublic Domain Clemente lost his parents when he was still quite young and was raised by his extended family before entering the seminary in 1913 + Drafted for military service during the First World War, he was awarded three medals for bravery and was discharged with the rank of sergeant major. He resumed his seminary studies in what would become the home of the Pontifical Institute for Foreign Missions (a distinct religious community that has come to be known as the PIME Missionaries). + Ordained a priest in 1923, he was immediately assigned to Myanmar (formerly Burma), where he studied English and local dialects. The following year he established a new mission in Mong Lin. + Despite hostile conditions (several other missionaries died from disease and malnutrition), Father Clemente persevered and established new missions and trained members of the indigenous community in different trades that would benefit the local communities. + During the Second World War, he and other missionaries were imprisoned by the British army. Following his captivity, he was able to reopen the orphanage he had established. + In 1955, Clemente was sent to establish a new mission in Mong Ping and this became a mission base for the rest of his life. Over the course of the next thirty years, Father Clemente established numerous mission stations, the last of which was established in 1986. + Blessed Clemente died on June 15, 1988, and he was buried in Mong Ping in the square near the church which he built in 1962. He was beatified in 2011. “How beautiful upon the mountains are the feet of him who brings glad tidings of peace, bearing good news, announcing salvation.”—Isaiah 52:7 On this day the Church also remembers Blessed Osanna Andreasi of Mantua. A Dominican tertiary, she was revered for her mystical experiences and care for the poor and sick, she died in 1505 and she was beatified in 1694. O God, by whose untold mercy blessed Clemente preached the good news of the unfathomable riches of Christ, grant that through his intercession we may grow in knowledge of you and, bearing fruit in every good work, faithfully walk in your presence, in accord with the truth of the Gospel. Through our Lord Jesus Christ, your Son, who lives and reigns with you in the unity of the Holy Spirit, God, for ever and ever. Amen. (from The Roman Missal: Common of Pastors—For Missionaries) Saint profiles prepared by Brother Silas Henderson, S.D.S. Would you like to read more like this?Get Aleteia delivered to your inbox You don't have permission to access the page you requested What is this page?The website you are visiting is protected.For security reasons this page cannot be displayed The target of a Chinese takeover bid blocked by Italian Prime Minister Mario Draghi last week was a small semiconductor firm based near Milan notified Italy’s government that it had acquired a 70% stake of LPE SpA on Dec according to a decree signed by Draghi and the development ministry opposing the takeover dated March 31 It was seen by Bloomberg and authenticated as did a government spokesman and a spokeswoman at the development ministry Draghi said that Italy had recently invoked its so-called Golden Power in the semiconductor sector It was the first time his government used this power to block the foreign takeover of a company “shortage of semiconductors led many automotive companies to slow down production last year so that became a strategic sector.” He added we need to use the veto “when it is needed and when the law allows for it.” LPE designs and makes epitaxial reactors for power electronics applications Epitaxial reactors are crucial in the semiconductor industry since they allow a first chemical and thermal treatment for silicon LPE’s silica reactors can “find application in military field,” the decree says according to people familiar with the matter LPE provides STMicro with epitaxial reactors With the coronavirus-induced slump hastening the interest in takeover bargains in Europe by U.S Madrid and Rome have all increased powers to veto investment from outside the European Union to protect prized companies; and the bloc has begun ushering in continent-wide rules for screening takeovers on security grounds Draghi told reporters he backed an earlier call by Economic Development Minister Giancarlo Giorgetti for Italy’s special veto powers to be extended to the automotive and steel sectors LPE’s main facility is in a small town called Baranzate about 15 miles from STMicro’s Italian headquarters at Agrate Brianza and full year profits in 2019 were 6.8 million euros Full year sales for that year were about 28 million euros compared with 52 million euros in 2018 LPE says on its website that it has created networks across Europe and Asia The company has holdings in Sweden-based Ascatron AB and Kiselkarbid AB and in U.K according to filings to the Milan chamber of commerce The 10-page decree refers to notes from Sweden and Holland as well the EU commission which it cites as saying that the takeover would “undermine the security of more than one member state.” LPE’s compound semiconductor chains are made of elements such as silicon carbide and gallium nitride which the decree says “are available to a few competitors.” Among other reasons listed in the document against the takeover is the shareholder agreement which it says gives priority to the Chinese company for LPE orders It takes issue with Shenzhen’s ability the conditions of the sale are “unsuitable to assure security and continuity of supply” in Italy and Europe Italian Minister of Economic Development and second-in-command of the League for a discussion both parties called “fruitful.” They also touched on the possibility of the former travelling to Israel in the future The two talked about the future of the automotive industry subsidies for Israeli investors and cooperation in the space sector They zeroed in on the plans of one Israeli company which produces silicon wafers for microchip devices on behalf of third parties Tower Semiconductors joined forces with the French-Italian group STMicroelectronics by signing an agreement under which the latter will host the former’s operations in its site in Lombardy to accelerate the growth of production activities The discussion hinges on a roughly 500 million euro investment and 2,000 potential jobs The Israeli company’s top management was in Italy at the end of November to meet with Guido Guidesi the Lombardy Region’s councillor for economic development who has always been described as being very much in tune with Prime Minister Mario Draghi Messrs Giorgetti and Eydar also talked of a prospective May conference in Italy with several Israeli technology companies in the agriculture, food and water sectors. And perhaps the key topic in Italy’s current political scene – the election of the head of State – popped up during the talks President Sergio Mattarella received in Rome his counterpart Reuven Rivlin (who left his post to Isaac Herzog in July) And he has been to Israel twice in his capacity as president: first in October-November 2016 then in January 2020 on the 75 anniversary of the liberation of Auschwitz-Birkenau The election of the next president might carry repercussions for Italy’s institutional composition commands the widest majority in contemporary Italian history; the future of the government Simone is a managing director in the advisory department of the Real Estate Advisory Group in Italy and oversees real estate advisory and valuation activities. He coordinates a team of more than 40 professionals, including architects, engineers and economists, throughout Italy. Independent expert/valuer for real estate funds/SIIQ and European Funds, Investment analysis Special Valuation (Hotels, Shopping Center, Renewable Energy, ecc)  Market Study and Feasibility for development projects for both public entities and private developers Asset management and consultancy for major financial institutions and retailers related to asset strategy and cost-saving projects (lease renegotiation).  He has significant experience with important portfolio deals and securitization operations made in Italy, and has performed feasibility studies on historical and artistic buildings. Simone has collaborated for 15 years with Italian Universities and with the Real Estate Master organized by Politecnico di Milano. Italian Professional Association of Architects, Member Royal Institution of Chartered Surveyors, Member Real Estate Advisory GroupLeading provider of real estate valuation and consulting for investments and transactions. 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Please upgrade your browser to improve your experience and security 06/05/2025  The Institution of Chemical Engineers (IChemE) 15/04/2025  Georg Fischer Piping Systems Ltd The Swiss flow solutions provider expands its center of excellence for valve actuation in Italy Together with the previously opened sites in the United States and Switzerland GF Piping Systems further strengthens its position as a full-service automation provider with Valve Automation Centers designed to offer integrated solutions to customers worldwide In addition to its extensive catalog of valves and actuation systems GF Piping Systems has recently introduced its first Valve Automation Centers in Irvine (USA) and Schaffhausen (Switzerland) and now expands with Agrate Brianza (Italy) This approach meets the growing demand for products customized to meet customer needs fosters an installation process with stable and unobstructed connection between devices and an optimized workflow with streamlined communication For more flexibility and customer proximity GF Piping Systems also offers customized service solutions for valve actuation and assembly of complete solutions according to customer requirements including working on systems that include third-party components Managing Director/ President Process Automation GF Piping Systems comments: “As the demand for state-of-the-art process automation continues to rise we believe that user-friendly and tailor-made solutions will play an important role With the positioning of the Valve Automation Center in Italy we are now able to cover another important region and support customers in getting the best out of their installations.” “The Valve Automation Center brings us even closer to our customers in Europe By combining local expertise with global capabilities greater flexibility and tailor-made automation solutions that meet the specific needs of our regional markets.” GF Piping Systems' comprehensive approach to automation enables customers to focus on their operations while GF Piping Systems delivers plug-and-play valve actuation systems tailored to their needs The global expansion of automation centers underscores the company’s commitment to providing innovative and reliable solutions for industries worldwide Request information on the products Print this article Visit company profile page SENSOR+TEST 2025: Top-class supporting program increases attractiveness of the fair Login or Register Process and Control Today are not responsible for the content of submitted or externally produced articles and images. 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