Wolfspeed expands SiC wafer supply agreement
$225 million dollar supply agreement supports demand for SiC across several key industries
Wolfspeed has announced the expansion of an existing multi-year, long-term SiC wafer supply agreement, now worth approximately $225 million, with a leading power device company.
The expanded agreement calls for Wolfspeed to supply the company with 150 mm SiC bare and epitaxial wafers, reinforcing the company’s vision for an industry-wide transition from silicon to SiC semiconductor power devices.
“Wolfspeed has an unmatched level of experience with SiC and, as a result, is a key player in supplying the rapidly growing demand for SiC,” said Cengiz Balkas, SVP and GM of Materials for Wolfspeed. “This agreement further strengthens our long-time cooperation with a best-in-class power semiconductor manufacturer. This well-established partnership, paired with our most recent announcement of a multi-billion-dollar materials expansion in North Carolina, is a huge step forward in our mission of transitioning the industry from silicon to SiC.”
The supply agreement enables SiC applications in broad markets such as renewable energy and storage, electric vehicles, charging infrastructure, industrial power supplies, traction and variable speed drives.