Onsemi Inks Multi-year Deal With Volkswagen To Supply Solution For Vehicle Lineup Across Several Brands
Portfolio Pulse from Benzinga Newsdesk
Onsemi has signed a multi-year deal with Volkswagen to supply silicon carbide-based solutions for their vehicle lineup. This includes an integrated module compatible with all vehicle categories. Volkswagen will also benefit from Onsemi's planned expansion of silicon carbide manufacturing in the Czech Republic.
July 22, 2024 | 10:08 am
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Onsemi has secured a multi-year deal with Volkswagen to supply silicon carbide-based solutions for their vehicle lineup. This partnership is expected to boost Onsemi's revenues and market position, especially with the planned expansion of their manufacturing capabilities in the Czech Republic.
The multi-year deal with Volkswagen is a significant partnership for Onsemi, likely to drive revenue growth and enhance market position. The planned expansion of silicon carbide manufacturing in the Czech Republic further strengthens Onsemi's capabilities and future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Volkswagen has entered into a multi-year agreement with Onsemi for silicon carbide-based solutions, which will be integrated across their vehicle lineup. This deal is expected to enhance Volkswagen's technological capabilities and support their electric vehicle strategy.
The partnership with Onsemi provides Volkswagen with advanced silicon carbide-based solutions, supporting their electric vehicle strategy and technological advancements. This is likely to positively impact Volkswagen's market position and future growth.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80