MUNICH & DURHAM, N.C. - Infineon (OTC:IFNNY) Technologies AG (FSE: IFX / OTCQX: IFNNY) and Wolfspeed, Inc. (NYSE: NYSE:WOLF) have announced the expansion and extension of their long-term silicon carbide (SiC) wafer supply agreement, initially established in February 2018. The updated agreement, which includes a multi-year capacity reservation, aims to bolster Infineon's supply chain stability amid rising demand for SiC semiconductor products in sectors such as automotive, solar, electric vehicles (EVs), and energy storage systems.
The extended partnership underscores Infineon's commitment to a multi-source strategy, ensuring a reliable supply of both 150mm and 200mm SiC wafers. This approach is designed to support the increasing adoption of SiC-based power solutions, which are recognized for their ability to facilitate smaller, lighter, and more cost-effective designs with higher energy efficiency.
Jochen Hanebeck, CEO of Infineon Technologies, emphasized the company's two-decade-long collaboration with Wolfspeed in advancing SiC technology across automotive, industrial, and energy markets. The partnership is seen as a key element in promoting decarbonization through energy-efficient technology.
Wolfspeed's president and CEO, Gregg Lowe, highlighted the company's role as a catalyst in the industry's transition to SiC, with a focus on supplying high-quality materials to leading customers like Infineon. Industry estimates project that the demand for SiC devices and supporting materials will experience significant growth through 2030, potentially creating an annual market opportunity worth $20B.
Both companies have a strong history in the semiconductor industry, with Infineon leading in power systems and IoT and employing approximately 58,600 people globally. Wolfspeed is recognized for its silicon carbide technologies and solutions aimed at efficient energy consumption and sustainable futures.
This strategic partnership is poised to address the burgeoning demand for SiC devices, which are integral to a range of applications from EVs to renewable energy solutions. The announcement is based on a press release statement and aims to provide a factual overview of the extended collaboration between Infineon and Wolfspeed.
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