Wolfspeed signs multiyear silicon‑carbide supply deal with BorgWarner
Wolfspeed announced a multiyear agreement to provide its 1200 V silicon‑carbide devices to BorgWarner for the latter’s next‑generation 800 V inverter platform. The partnership builds on a long‑standing collaboration and aims to give BorgWarner uninterrupted access to high‑performance SiC technology for electric‑vehicle and power‑conversion applications. Matthias Buchner, senior vice‑president of global sales at Wolfspeed, said the deal reflects the company’s strategy of combining technology leadership with deep customer partnerships. The announcement coincided with a 1.7 % rise in Wolfspeed’s share price in after‑hours trading.
Why it matters
The agreement secures a stable supply of Wolfspeed’s SiC devices for BorgWarner’s EV inverter program, which could support future revenue growth for Wolfspeed. The market reacted positively, with Wolfspeed’s stock gaining 1.7 % in extended trading, indicating investor confidence in the partnership.
Key facts
- 1Wolfspeed entered a multiyear supply agreement with BorgWarner. stocktitan.net
- 2The deal provides 1200 V silicon‑carbide devices for BorgWarner’s 800 V inverter platform. stocktitan.net
- 3BorgWarner is investing $500 million in Wolfspeed’s financing transaction. semiconductor-today.com
- 4Electric vehicles accounted for 25 % of new cars sold globally in 2025. semiconductor-today.com
- 5The International Energy Agency projects EVs could represent about 50 % of global car sales by 2035. ai-online.com
- 6Wolfspeed’s Gen 5 silicon‑carbide technology is built on 200 mm wafer manufacturing. stocktitan.net
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.