Infineon and Wolfspeed Expand and Extend Partnership in Silicon Carbide Wafer Supply
MUNICH & DURHAM, N.C. - In a move that highlights the growing prominence of silicon carbide technology in the semiconductor industry, Infineon Technologies AG and Wolfspeed, Inc. have announced the expansion and extension of their existing long-term 150mm silicon carbide wafer supply agreement. This partnership, originally established in February 2018, has now been further solidified with a multi-year capacity reservation agreement.
Both Infineon and Wolfspeed are global leaders in their respective fields, with Infineon specifically known for its expertise in power systems and the Internet of Things (IoT), while Wolfspeed specializes in silicon carbide technology. Silicon carbide (SiC) is a compound semiconductor material that offers numerous advantages over traditional silicon, including higher efficiency and power density, making it highly desirable for applications in power electronics, electric vehicles, renewable energy systems, and more.
The extended collaboration between Infineon and Wolfspeed is a significant development in the industry. It ensures a stable and reliable supply of 150mm SiC wafers for Infineon as the demand for SiC continues to rise. By securing this partnership and reserving capacity, Infineon can effectively meet the increasing demand from its global customer base.
This move comes at an opportune time for both companies. Wolfspeed Incn, the subsidiary of Cree, Inc. that focuses on silicon carbide technology, has reported a notable increase in sales of 4.3% year on year in Q3 2023. While sales dipped by 1.3% from the previous quarter, the overall growth showcases the growing market interest in SiC technology.
Additionally, Wolfspeed recorded a year-on-year increase in cost of sales by 6.57%, indicating a continued investment in expanding its production capabilities. In Q3, Wolfspeed’s cost of sales grew by 0.7% sequentially, demonstrating the company’s dedication to meeting the rising demand for SiC wafers.
The partnership between Infineon and Wolfspeed is expected to further strengthen both companies’ positions in the SiC market. With an extended agreement and capacity reservation in place, Infineon can continue to develop cutting-edge power systems and IoT solutions utilizing Wolfspeed’s high-quality SiC wafers.
For customers and industries relying on advanced power electronics, this development ensures a steady supply of reliable and efficient SiC-based solutions. As demand for SiC technology grows, this partnership will play a crucial role in driving innovation and powering the next generation of devices and systems across various sectors.
Comments