The Italian city of Catania is set to be the venue of a new manufacturing facility for semiconductor major STMicroelectronics. The plant, which should start production in 2026, will be for the mass production of 200mm silicon carbide wafers. The plant will be built under the company’s projected €5-billion ($5.42-billion) multi-year investment programme, including €2 billion support provided by the Italian government in the framework of the EU Chips Act. Earlier, the European Commission approved Italian state aid measures worth €2 billion as direct grant for Swiss-based STMicroelectronics to su…