Renesas, Wolfspeed Ink 10 Year Silicon Carbide Wafer Supply Agreement
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Renesas has signed a 10-year silicon carbide wafer supply agreement with Wolfspeed, backed by a $2 billion deposit from Renesas. The supply of high-quality silicon carbide wafers will enable Renesas to scale production of silicon carbide power semiconductors starting in 2025. The deposit will support Wolfspeed's ongoing capacity construction projects.
July 05, 2023 | 9:02 am
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Renesas' 10-year supply agreement with Wolfspeed will enable it to scale production of silicon carbide power semiconductors from 2025.
The agreement ensures a steady supply of silicon carbide wafers for Renesas, which is crucial for its production plans. This could potentially lead to increased revenues and profitability in the long term, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wolfspeed's 10-year supply agreement with Renesas, backed by a $2 billion deposit, will support its ongoing capacity construction projects.
The agreement with Renesas provides Wolfspeed with a significant deposit that will support its capacity construction projects. This could potentially lead to increased production capacity and revenues in the long term, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100