Infineon, GT Advanced Technologies Sign Silicon Carbide Supply Agreement
09 November 2020 - 9:50AM
Dow Jones News
By Mauro Orru
Infineon Technologies AG said Monday that it has signed a supply
agreement for silicon carbide with New Hampshire-based firm GT
Advanced Technologies Inc.
The German chip maker didn't disclose financial terms but said
the contract has a initial term of five years.
"With the supply agreement we have now concluded, we ensure that
we will be able to meet the rapidly growing demand of our customers
with a diversified supplier base," Peter Wawer, president of
Infineon's industrial power control division, said.
Silicon carbide is mostly used in photovoltaic inverters,
industrial power supplies, and the charging infrastructure for
electric vehicles, Infineon said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
November 09, 2020 03:35 ET (08:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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