Chongqing, China: STMicroelectronics (NYSE: STM), a global semiconductor leader, and Sanan Optoelectronics, a prominent player in compound semiconductors in China, have signed an agreement to form a new joint venture (JV) focused on manufacturing silicon carbide (SiC) devices. The JV aims to meet the growing demand for SiC devices in China’s automotive electrification, industrial power,…