NuAxiSemiconductor trade intelligence
onsemi and ZEEKR sign long-term supply agreement for silicon carbide power devices
What happened
onsemi has signed a long-term supply agreement (LTSA) to provide its EliteSiC power devices to ZEEKR, the premium EV brand of Geely. This secures a high-volume demand channel for onsemi's SiC products in the competitive Chinese EV market. Bullish: This LTSA locks in future demand for onsemi's SiC wafers/devices, potentially tightening supply for other buyers and supporting pricing power in the medium term.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
SiC MOSFETSiC Power Device
onsemiZEEKR (Geely Holding Group)
long-term-agreementev-demandsic-adoption
Source and time
Source: Semiconductor Today · 4/26/2023 · View original source
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