NuAxiSemiconductor trade intelligence
onsemi signs 10-year, $1.9bn deal to supply SiC power devices for Vitesco’s traction inverters and EV drives
What happened
onsemi has secured a 10-year, $1.9 billion supply agreement to provide silicon carbide (SiC) power devices to Vitesco Technologies for its electric vehicle traction inverters and drives. This deal locks in significant, long-term demand for onsemi's SiC products as the automotive industry accelerates its electrification transition. Bullish: This major, binding contract secures future revenue and validates strong, sustained demand for SiC components, likely tightening available spot market supply for other buyers.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
SiC Power Devices
onsemiVitesco Technologies
long-term-agreementdemand-surgeev
Source and time
Source: Semiconductor Today · 5/31/2023 · View original source
Open the NuAxi live feed →
Real-time pricing, supply signals and AI analysis for semiconductor traders