Is ZF shelving Wolfspeed SiC fab chip project?
According to news agency Reuters, the German automotive supplier ZF intends to withdraw from a planned $3 billion SiC fab project with US chipmaker Wolfspeed.
The rethink followed Wolfspeed's decision to put the project on hold because of weaker than expected semiconductor demand and doubts whether its entry into the European market would be worthwhile, the source told Reuters.
ZF had been set to contribute $185 million for a stake in the Saarland plant in Germany, which was to make SiC devices for electric cars.
Wolfspeed announced plans for the plant and a research and development centre in Germany in February 2023.
Reuter reports that ZF pushed back on media reports that it was responsible for delaying the project and declined to comment on its reported withdrawal.
