- April 25, 2024
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STL and IVHU MoU
Exciting News, on 25th April 2024 during the recently concluded AMCHAM business summit, we had a ground-breaking partnership that is set to ignite excitement across Africa!
Semiconductor Technologies LLC (“STL”) and Ivhu Logistics Real Estate Ivhu Africa (“Ivhu”), an Australian real estate company in green supply chain infrastructure, officially inked a Memorandum of Understanding set to revolutionize the semiconductor industry on the continent, starting with Kenya.
The MOU includes USD 400 million (KES. 54 billion) surges into the expansion of state-of-the-art facilities tailored for semiconductor and microchip development, marking a leap forward in Africa’s technological landscape.
At STL, we aim to be the leading Microchip manufacturer in Africa. Our expansion has signifactly grown in the years as we aim for expansion to a bigger facility to accommodate mass production, this takes shape at the Dedan Kimathi Science and Technology Park in Nyeri County. This isn’t just about buildings; it’s about laying the groundwork for innovation, economic growth, and technological sovereignty.
Get ready to witness history in the making as Africa embarks on a thrilling journey towards becoming a global hub for semiconductor excellence. The future is bright, and the excitement is electrifying!