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ZF said to be withdrawing from Wolfspeed’s German silicon carbide device fab project
What happened
Automotive supplier ZF Friedrichshafen intends to withdraw from its planned $185 million investment in Wolfspeed's $3 billion SiC device fab project in Germany. The move introduces uncertainty to the project's funding and timeline for expanding SiC power device capacity, which is critical for the EV market. Watch: The potential delay or scaling back of this capacity expansion could tighten the long-term supply outlook for SiC devices, but the immediate trading impact is uncertain pending Wolfspeed's response.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
Silicon Carbide (SiC) Power Devices
Wolfspeed Inc
capacity-expansionpartnership-changeautomotive
Source and time
Source: Semiconductor Today · 10/24/2024 · View original source
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