Wolfspeed Expands and Extends Silicon Carbide Wafer Supply Agreement with a Leading Global Semiconductor Company
15 Dezember 2022 - 2:00PM
Business Wire
$225 million dollar expanded supply agreement
supports steepening demand for Silicon Carbide across several key
industries and among traditional semiconductor companies
Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon
Carbide technology, today announced the expansion of an existing
multi-year, long-term Silicon Carbide 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 Silicon Carbide bare and epitaxial wafers,
reinforcing the company’s vision for an industry-wide transition
from silicon to Silicon Carbide semiconductor power devices.
“Wolfspeed has an unmatched level of experience with Silicon
Carbide and, as a result, is a key player in supplying the rapidly
growing demand for Silicon Carbide,” said Dr. 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 Silicon
Carbide.”
Wolfspeed is the global leader in the manufacturing of Silicon
Carbide wafers and epitaxial wafers. The recently announced
expansion of the company’s Silicon Carbide materials footprint will
enhance its market leadership and improve the company’s ability to
supply wafers to current and potential customers – a critical part
of the larger wide bandgap semiconductor supply chain.
The adoption of Silicon Carbide-based power solutions is rapidly
growing across multiple markets, including industrial and
automotive. Silicon carbide solutions enable smaller, lighter and
more cost-effective designs, converting energy more efficiently to
unlock new clean energy applications. To better support these
growing markets, device manufacturers are interested in securing
access to high-quality Silicon Carbide substrates to support their
customers.
The supply agreement enables Silicon Carbide applications in
broad markets such as renewable energy and storage, electric
vehicles, charging infrastructure, industrial power supplies,
traction and variable speed drives.
About Wolfspeed, Inc.:
Wolfspeed (NYSE: WOLF) leads the market in the worldwide
adoption of Silicon Carbide and GaN technologies. We provide
industry-leading solutions for efficient energy consumption and a
sustainable future. Wolfspeed’s product families include Silicon
Carbide materials, power devices and RF devices targeted for
various applications such as electric vehicles, fast charging, 5G,
renewable energy and storage, and aerospace and defense. We unleash
the power of possibilities through hard work, collaboration and a
passion for innovation. Learn more at www.wolfspeed.com.
Twitter: @WolfspeedLinkedIn: @Wolfspeed
Wolfspeed® is a registered trademark of Wolfspeed, Inc.
Forward Looking Statements:
This press release contains forward-looking statements by
Wolfspeed involving risks and uncertainties, both known and
unknown, that may cause Wolfspeed’s actual results to differ
materially from those indicated. Actual results may differ
materially due to a number of factors, including the risk we may be
unable to manufacture new products with sufficiently low cost to
offer them at competitive prices or with acceptable margins; the
risk we may encounter delays or other difficulties in ramping up
production of our new products; customer acceptance of our new
products; the rapid development of new technology and competing
products that may impair demand or render Wolfspeed’s products
obsolete; and other factors discussed in Wolfspeed’s filings with
the Securities and Exchange Commission, including its report on
Form 10-K for the year ended June 26, 2022, and subsequent filings.
For additional product and company information, please refer to
www.wolfspeed.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20221215005580/en/
Media Relations: Melinda Walker Director, Corporate
Communications 818-261-4585 media@wolfspeed.com Investor Relations:
Tyler Gronbach VP, Investor Relations 919-407-4820
investorrelations@wolfspeed.com
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