<p>➀ STMicroelectronics, a major European semiconductor company, has announced that it will have its 40nm microcontroller units (MCUs) produced by Hua Hong in China.</p><p>➁ The primary reason for this decision is the vast Chinese market, with Jean-Marc Chery, CEO of STMicroelectronics, stating that China is the largest and most innovative electric vehicle market.</p><p>➂ Despite China's advanced process limitations, the country has made progress in the semiconductor industry, with three Chinese companies ranking among the top ten global chip foundries.</p>