ROHCY - Rohm Vitesco ink $1B silicon carbide supply pact

2023-06-19 05:23:09 ET

• Japan's Rohm Semiconductor and Germany-based Vitesco Technologies formed a long-term silicon carbide (SiC) supply partnership worth over $1B from 2024 to 2030.
• Vitesco's advanced inverters with integrated ROHM SiC chips will be used by two customers, to be applied inside electric vehicle powertrains, according to the companies.
• Vitesco will start supplying a first series project from 2024, ahead of an original timeline.
• The companies noted SiC devices enable the design of efficient power electronics, such as those required for electric car inverters.
• "In the high-growth automotive market, SiC is a pathfinder for higher efficiency. With an expected higher market share of more than 30 percent, we are strongly positioned here and have gained a strategic partner in Vitesco Technologies for further market penetration," said Kazuhide Ino, managing executive officer, member board, and CFO of ROHM Co. Ltd.

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