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Lou Weed
To: slacker711 who wrote (9845)10/24/2018 9:34:05 AM
From: slacker7111 Recommendation  Read Replies (1) of 10478
 
STM says that they are now involved with 30 SiC projects (up from 25 last quarter). $100m in revenues this year for STM with the market growing to $3 billion in 2025.

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Andrew M. Gardiner - Barclays Capital Securities Ltd.


Understood. I had to try. Just perhaps another one on silicon carbide, you mentioned a few wins in the recent quarter. Can you give us a better sense as to when those might start to ship? I presume it's not next year, but in terms of 2020, 2021 sort of how you're thinking about the ramp over time? Thank you.


Jean-Marc Chery - STMicroelectronics NV


Well, this is – clearly with the usual product development lead time and incubation, okay, it will be more impact on 2020 and beyond for ST. But for the time being, I confirm that this year, we will execute and we will achieve $100 million revenue from silicon carbide. Our manufacturing machine is performing well according expectation, and these 30 (00:47:28) projects are simply consistent with our mission to be a leader of the silicon carbide market. And we know that with this market, we grow very fast, okay. For the time being, we have visibility to see $3 billion in 2025, and we want to perform this market consistently with our current market share generally speaking in Automotive well above 30%.
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