Infineon and Wolfspeed Expand and Extend Multi-Year Silicon Carbide (SiC) 150MM Wafer Supply Agreement
Portfolio Pulse from Benzinga Newsdesk
Infineon Technologies AG (IFNNY) and Wolfspeed, Inc. (WOLF) have expanded and extended their multi-year silicon carbide wafer supply agreement. This agreement, which was first signed in February 2018, includes a capacity reservation and aims to stabilize Infineon's supply chain in response to increasing demand for silicon carbide semiconductor products in the automotive, solar, EV, and energy storage systems sectors.
January 23, 2024 | 10:05 am
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Infineon's extended supply agreement with Wolfspeed ensures a stable supply of SiC wafers, crucial for meeting the demand in key growth sectors like automotive and energy storage.
The extended agreement with Wolfspeed is likely to have a positive impact on Infineon's stock as it ensures a stable supply chain and meets the growing demand in several high-growth markets. This could lead to increased investor confidence in Infineon's ability to maintain and grow its market share.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Wolfspeed's expanded agreement with Infineon for the supply of 150mm SiC wafers solidifies its position as a key supplier in the semiconductor industry, with potential revenue growth from the deal.
Wolfspeed's extended supply agreement with Infineon is expected to positively impact its stock price in the short term due to the potential for increased revenue and strengthened business relationships. The deal highlights Wolfspeed's importance in the supply chain for high-demand semiconductor products.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80