ON Semiconductor Joins Hand With BorgWarner For $1B Silicon Carbide Deal
Portfolio Pulse from Lekha Gupta
ON Semiconductor Corp (ON) has signed a deal with BorgWarner Inc (BWA) to expand their strategic collaboration for silicon carbide (SiC) for a total lifetime deal value of over $1 billion. BWA plans to integrate ON's EliteSiC 1200 V and 750 V power devices into their VIPER power modules. ON will offer high-performance EliteSiC technology supporting the EV traction market and successful adoption in high-volume automotive applications.
July 18, 2023 | 2:49 pm
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BorgWarner plans to integrate ON Semiconductor's EliteSiC power devices into their VIPER power modules, which could potentially improve their product performance and competitiveness in the EV market.
The integration of ON Semiconductor's EliteSiC power devices into BorgWarner's VIPER power modules could potentially improve the performance of their products and make them more competitive in the EV market. This could lead to increased sales and a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ON Semiconductor has signed a $1 billion deal with BorgWarner, which could potentially increase its revenues and strengthen its position in the EV market.
The deal with BorgWarner is a significant one for ON Semiconductor, as it not only brings in a substantial amount of revenue, but also strengthens its position in the growing EV market. This could potentially lead to increased demand for its products and a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100