Cree to provide its silicon carbide wafers to ON Semiconductor based on multi-year supply agreement. The agreement, valued at more than $85 million, provides for the supply of Cree’s advanced 150mm silicon carbide (SiC) bare and epitaxial wafers to ON Semiconductor for use in high-growth markets, such as electric vehicle and industrial applications.
ON Semiconductor Vice President & Chief Procurement Officer Jeffrey Wincel, commented, “Partnering with Cree is essential in maintaining a world-class supply base. This agreement supports our commitment to growing automotive and industrial applications and ensuring the availability of industry-leading silicon carbide that helps engineers solve their unique design challenges.”
This is the fourth major long-term agreement for silicon carbide materials that Cree has announced in the past year and a half.
Cree said that it will continue to drive silicon carbide adoption and availability through ongoing wafer supply agreements and its recently announced major capacity expansion.”
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