Infineon and Wolfspeed Expand and Extend Multi-Year Silicon Carbide (SiC) 150mm Wafer Supply Agreement
23 Januar 2024 - 11:00AM
Business Wire
Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a global
semiconductor leader in power systems and IoT, and Wolfspeed, Inc.
(NYSE: WOLF), a global leader in silicon carbide technology, today
announced the expansion and extension of their existing long-term
150mm silicon carbide wafer supply agreement, originally signed in
February 2018. The extended partnership includes a multi-year
capacity reservation agreement. It contributes to Infineon’s
general supply chain stability, also with regard to the growing
demand for silicon carbide semiconductor products for automotive,
solar and EV applications and energy storage systems.
“As the demand for silicon carbide devices continues to
increase, we are following a multi-source strategy to secure access
to a high-quality, global and long-term supply base of 150mm and
200mm SiC wafers. Our prolonged partnership with Wolfspeed further
strengthens Infineon’s supply chain resilience for the coming
years,” said Jochen Hanebeck, CEO of Infineon Technologies. “We
have been working with Wolfspeed for more than 20 years to bring
the promise of silicon carbide to the automotive, industrial and
energy markets, and to help customers leverage this
energy-efficient technology to foster decarbonization.”
The adoption of silicon carbide-based power solutions is rapidly
growing across multiple markets. 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, Infineon is continuously
diversifying its supplier base to secure access to high-quality
silicon carbide substrates.
“Wolfspeed is the world’s leader in silicon carbide production.
We are the catalyst in the industry transition to silicon carbide,
providing high-quality materials to key customers like Infineon, a
leading supplier in both the automotive and industrial markets,
while also scaling our capacity footprint,” said Wolfspeed
president and CEO Gregg Lowe. “Industry estimates indicate demand
for silicon carbide devices, as well as the supporting material,
will grow substantially through 2030, representing a $20 billion
annual opportunity. We are very pleased to continue our partnership
with Infineon and to serve as a major supplier of silicon carbide
wafers in the years ahead.”
About Wolfspeed, Inc.:
Wolfspeed (NYSE: WOLF) leads the market in the worldwide
adoption of silicon carbide technologies. We provide
industry-leading solutions for efficient energy consumption and a
sustainable future. Wolfspeed’s product families include silicon
carbide material and power devices targeted for various
applications such as electric vehicles, fast charging, and
renewable energy and storage. We unleash the power of possibilities
through hard work, collaboration and a passion for innovation.
Learn more at www.wolfspeed.com.
X (formerly Twitter): @Wolfspeed
LinkedIn: @Wolfspeed
Wolfspeed® is a registered trademark of Wolfspeed, Inc.
About Infineon
Infineon Technologies AG is a global semiconductor leader in
power systems and IoT. Infineon drives decarbonization and
digitalization with its products and solutions. The company has
around 58,600 employees worldwide and generated revenue of about
€16.3 billion in the 2023 fiscal year (ending 30 September).
Infineon is listed on the Frankfurt Stock Exchange (ticker symbol:
IFX) and in the USA on the OTCQX International over-the-counter
market (ticker symbol: IFNNY).
Further information is available at www.infineon.com
This press release is available online at
www.infineon.com/press
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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 risks associated
with Wolfspeed’s expansion plans, including, among other things,
design and construction delays and cost overruns, timing and amount
of government incentives actually received, and delays or other
difficulties in preparing for and ramping production; the risk of
production or supply chain challenges that impact Wolfspeed’s
ability to ship in sufficient quantities to satisfy customer
requirements; the continued pace of the transition to using silicon
carbide devices in electric vehicles and other industrial uses; the
risk that Wolfspeed may be unable to manufacture its products with
sufficiently low cost to offer them at competitive prices or with
acceptable margins; customer acceptance of Wolfspeed’s products;
the risk that demand for silicon carbide will not grow as Wolfspeed
expects; 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 25, 2023, 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/20240123864199/en/
Media Relations: Bridget Johnson Head of Corporate
Marketing and Communications 847-269-2970
Media@wolfspeed.com Investor Relations: Tyler
Gronbach VP, External Affairs 919-407-4820
Investorrelations@wolfspeed.com
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