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Silicon Carbide Shift: Wolfspeed’s $2bn Deal with Renesas Spurs EV Semiconductor Evolution

In a deal highlighting the vital role of silicon carbide (SiC) in the burgeoning electric vehicle (EV) market, Wolfspeed, a leading US-based power semiconductor company, has inked a ten-year supply contract with Japanese automotive semiconductor giant, Renesas Electronics.

Details of the transaction, slated to commence in 2025, remain under wraps. However, industry insiders believe it to be a substantial agreement given the upfront payment of $2bn, reportedly to bolster Wolfspeed's production capabilities.

SiC, with its energy band gap three times broader and a dielectric breakdown field value over ten times higher than conventional silicon (Si), is emerging. . .

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