STMicro's wafer starts per month is 25%+ bigger than GlobalFoundries. Sources 80% of wafers in-house. Will spend $2B-$2.3B capex this year, down from $2.5B in CY24. Most of the investment will go to Agrate and Crolles 300mm and 200mm SiC fabs. $20B annual target pushed to 2030 with $18B interediate target by 2027-28. Current capacity at high utilization can support that revenue.
Source: Sravan Kundojjala
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