Core Insights - GlobalWafers has inaugurated its new 12-inch semiconductor wafer manufacturing plant, FAB300, in Novara, Italy, marking it as one of the most advanced 12-inch wafer facilities in Europe [1][2] - The expansion plan, announced in February 2022, involves an investment of €450 million, with €103 million in R&D subsidies from the EU and Italian government, accounting for approximately 25% of the total investment [1] - The plant aims to achieve a production capacity of 100,000 12-inch wafers per month, equating to an annual capacity of 1.2 million wafers [1] Company Developments - FAB300 will utilize cutting-edge automation and smart manufacturing technologies, focusing on high-value 12-inch polished and epitaxial wafers [2] - The project also plans to develop next-generation semiconductor materials, including Silicon-On-Insulator (SOI), Float Zone (FZ) silicon wafers, Silicon Carbide (SiC), and Gallium Nitride on Silicon (GaN on Si) [2] - GlobalWafers is significantly expanding its 12-inch wafer and compound semiconductor capacity globally, with additional facilities in Asia and the Americas [2] Industry Context - According to TrendForce, 12-inch wafers are the mainstream in the semiconductor manufacturing industry, with a market concentration of over 85% held by five major players: Shin-Etsu Chemical, SUMCO, GlobalWafers, Siltronic, and SK Siltron [3] - The supply of 12-inch wafers is expected to remain tight, prompting leading manufacturers to undertake large-scale capacity expansions, supported by government policies and funding [3] - The demand for high-quality epitaxial wafers is increasing, alongside a growing interest in SOI wafers and compound semiconductor wafers like SiC and GaN for specialized applications [3][4] Regional Insights - China is rapidly expanding its semiconductor capacity, particularly in the 12-inch wafer segment, where self-sufficiency remains low [3][4] - Domestic silicon wafer companies are striving to catch up with international leaders, supported by national funds and local government initiatives, aiming for domestic substitution [4] - The "14th Five-Year Plan" and other policies are driving the autonomy of the semiconductor supply chain in China, providing a window for local companies to accelerate their development [4]