ST Microelectronics has extended its multi-year silicon carbide wafer deal with Cree, taking it to over $500m in total value.
electronicsweekly.com, Nov. 19, 2019 –
Cree will supply 150mm bare and epitaxial silicon carbide wafers to ST over "several years", according to Cree.
"Expanding our long-term wafer supply agreement with Cree will increase the flexibility of our global silicon carbide substrate supply," said ST CEO Jean-Marc Chery. "It will further contribute to securing the required volume of substrate we need to manufacture our silicon carbide-based products as we ramp up production over the next years for automotive and industrial customers."
"Silicon carbide delivers performance enhancements that are critical to electric vehicles and industrial solutions for solar, energy storage and UPS systems," claimed Cree CEO Gregg Lowe – and it is automotive and industrial customers that ST is aiming at.