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Renesas, Wolfspeed Ink 10 Year Silicon Carbide Wafer Supply Agreement

Author: Benzinga Newsdesk | July 05, 2023 05:02am

Renesas announced the execution of a wafer supply agreement and $2 billion deposit by Renesas to secure a 10 year supply commitment of silicon carbide bare and epitaxial wafers from Wolfspeed. The supply of high-quality silicon carbide wafers from Wolfspeed will pave the way for Renesas to scale production of silicon carbide power semiconductors starting in 2025. The Renesas $2 billion deposit will help support Wolfspeed's ongoing capacity construction projects

Posted In: RNECF RNECY WOLF