Infineon: Expansion and extension of the multi-year supply agreement for 150 mm silicon carbide (SiC) wafers

January 23, 2024. Infineon Technologies AG and Wolfspeed, Inc (NYSE: WOLF), a global leader in silicon carbide technology, today announced the expansion and extension of their 150mm silicon carbide wafer supply agreement in place since February 2018. The extended partnership includes a multi-year Capacity Reservation Agreement (CRA) and strengthens Infineon’s supply chain resilience, also in view of the growing demand for silicon carbide semiconductor products for automotive/EV and solar applications as well as energy storage systems.

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“As demand for silicon carbide devices continues to grow, we are pursuing a multi-source strategy to secure access to a high-quality, global and long-term supply base for 150mm and 200mm SiC wafers. Our long-standing partnership with Wolfspeed strengthens Infineon’s supply chain for the years to come,” 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 help our customers leverage this energy-efficient technology to drive decarbonization.”

The use of silicon carbide-based energy solutions is increasing in many markets. Silicon carbide solutions enable smaller, lighter and more cost-effective designs that convert energy more efficiently, providing the basis for new clean energy applications. Infineon is continuously expanding its supplier base to secure access to high-quality silicon carbide substrates to better support the growing markets.

“Wolfspeed is the world leader in silicon carbide production. We are catalyzing the industry’s transformation to silicon carbide by supplying key customers like Infineon, a leader in the automotive and industrial markets, with high-quality materials while expanding our capacity,” said Gregg Lowe, President and CEO of Wolfspeed. “According to industry estimates, the demand for silicon carbide devices and related material will increase significantly by 2030, representing an annual potential of $20 billion. We are excited to continue our partnership with Infineon and look forward to being a key supplier of silicon carbide wafers for years to come.”

About Wolfspeed, Inc.

Wolfspeed (NYSE: WOLF) is a market leader in the global 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 for diverse 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.

About Infineon

Infineon Technologies AG is a leading global provider of semiconductor solutions for power systems and the Internet of Things (IoT). With its products and solutions, Infineon is driving decarbonization and digitalization. The company has around 58,600 employees worldwide and generated sales of around 16.3 billion euros in the 2023 financial year (end of September).

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Further links

👉 www.infineon.com 
👉 www.wolfspeed.com 

Photo: pixabay

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