Renesas and Wolfspeed sign 10-year silicon carbide wafer supply agreement

What happened

Renesas has secured a 10-year supply of silicon carbide wafers from Wolfspeed with a $2 billion deposit, aiming to scale SiC power semiconductor production from 2025. This long-term agreement mitigates Renesas's supply risk for a critical material facing industry-wide constraints. Watch: The deal locks in future supply for Renesas but does not immediately alter near-term market availability or pricing for SiC components.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 7/6/2023 · View original source