NuAxiSemiconductor trade intelligence
Hunan Sanan secures $524m SiC chip order for NEV power systems
What happened
Sanan Optoelectronics subsidiary Hunan Sanan secured a $524 million letter of intent to supply SiC chips for a strategic automotive partner's new electric vehicle power systems over the coming years. This reflects the accelerating adoption of SiC in medium- and high-voltage EV platforms. Bullish: This major, long-term procurement agreement signals sustained, high-volume demand for SiC power devices, potentially tightening supply for other buyers and supporting price stability for the component.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
SiC MOSFETSiC Power Device
Sanan Optoelectronics Co Ltd
long-term-contractdemand-surgeautomotive
Source and time
Source: Semiconductor Today · 11/21/2022 · View original source
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