Renesas and Wolfspeed Secure Decade-Long Silicon Carbide Wafer Deal

Renesas Electronics Corporation and Wolfspeed have signed a 10-year wafer supply agreement, with Renesas depositing $2 billion to secure a supply commitment of silicon carbide wafers from Wolfspeed. The agreement supports the adoption of silicon carbide in automotive, industrial, and energy markets and reinforces Renesas' commitment to boost its power semiconductor roadmap. The supply of high-quality silicon carbide wafers will enable Renesas to scale production of silicon carbide power semiconductors starting in 2025. Silicon carbide devices offer higher energy efficiency, greater power density, and lower system costs compared to conventional silicon power semiconductors.