District in China's Guangzhou, South Korea's STI sign $1.79 billion investment deal

Sti

10/02/2026 03:46

Corrects to say STI will build, not building, the semiconductor base in paragraph 2

BEIJING, Feb 10 (Reuters) - A district government in the southern Chinese city of Guangzhou signed an investment deal with South Korean semiconductor manufacturer STI 039440.KQ worth around 12.4 billion yuan ($1.79 billion), the Guangzhou government said in a social media post on Tuesday.

Under the agreement, STI will build a power semiconductor manufacturing base in Guangzhou's Baiyun District with the first-phase investment of around 1.6 billion yuan to produce AMB ceramic substrates, a material widely used in industries like electric vehicles.

Construction of the project will start after the Spring Festival in mid-February. Completion and production are expected by the end of the year, the Guangzhou government said.

($1 = 6.9102 Chinese yuan renminbi)

 (Reporting by Colleen Howe, Qiaoyi Li and Shi Bu; Editing by Christian Schmollinger)

 ((Shi.Bu@thomsonreuters.com;))