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BorgWarner investing $500m in Wolfspeed’s financing transaction
What happened
BorgWarner will invest $500 million in Wolfspeed's financing transaction as part of a strategic partnership, securing the right to purchase up to $650 million in SiC devices annually. This deal provides Wolfspeed with capital for capacity expansion and locks in a major automotive Tier 1 as a long-term customer. Watch: This signals strong, locked-in future demand for Wolfspeed's SiC wafers, but the price impact is indirect and long-term.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
SiC MOSFETGaN RF
Wolfspeed Inc
capacitypartnershipautomotivelong-term-agreement
Source and time
Source: Semiconductor Today · 11/16/2022 · View original source
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