Infineon Technologies AG and II-VI Incorporated have signed a multi-year supply agreement for SiC i.e silicon carbide wafers. The German-based semiconductor manufacturer is securing further access to this strategic semiconductor material to meet the strong hike in consumer demand in this area. The agreement increases supply chain resilience and supports multi-sourcing strategy. The first deliveries have already taken place.
SiC is a compound of carbon and silicon that enables robust, efficient, and, at the system level, low-cost power semiconductors. The CoolSiC brand from Infineon is already the industry’s largest portfolio for industrial power semiconductor applications in the first half of the decade, Infineon expects SiC semiconductor sales to grow by more than 60 percent CAGR, reaching approximately $1 billion by mid-decade.
“Infineon, as a market leader in power semiconductors, is an important partner for us,” said Sohail Khan, Executive Vice President, New Ventures & Wide-Bandgap Electronics Technologies at II-VI. “Our highly specialized products are now helping Infineon provide innovative electronic components to key customers worldwide.” The material meets the highest quality standards for industrial and automotive applications.