Infineon and Wolfspeed extend SiC wafer agreement
Extended partnership includes a multi-year capacity reservation agreement
Infineon and Wolfspeed have expanded and extended their existing long-term 150mm SiC 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 SiC semiconductor products for automotive, solar and EV applications and energy storage systems.
“As the demand for SiC 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 (pictured above), CEO of Infineon Technologies. “We have been working with Wolfspeed for more than 20 years to bring the promise of SiC to the automotive, industrial and energy markets, and to help customers leverage this energy-efficient technology to foster decarbonisation.”
The adoption of SiC-based power solutions is rapidly growing across multiple markets. SiC 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 SiC substrates.
Wolfspeed president and CEO Gregg Lowe said: “Industry estimates indicate demand for SiC 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 SiC wafers in the years ahead.”