# Sanan Optoelectronics signs CNY3.8B strategic procurement agreement for SiC chips

Sanan Optoelectronics' subsidiary Hunan Sanan Semiconductor signed a strategic procurement意向 agreement with an unnamed NEV company to supply silicon carbide chips, with estimated total value of CNY3.8 billion from 2023 to 2027.

- Type: Contract
- Announced: 2022-11-07
- Where: Changsha, China, China
- Value: $530.0M (3.80B CNY)
- Status: announced
- Capacity: 500,000 6-inch SiC wafers per year
- Products: silicon carbide chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Sanan Optoelectronics](https://endata.com/companies/23824.md)
- [Hunan Sanan Semiconductor](https://endata.com/companies/56021.md)
- [Sanan Optoelectronics](https://endata.com/companies/23824.md) (investor)
- [Sanan Optoelectronics](https://endata.com/companies/23824.md) (partner)
- [Hunan Sanan Semiconductor](https://endata.com/companies/56021.md) (supplier)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/825051.html), 2022-11-07: "三安光电(600703.SH)发布公告，公司全资子公司湖南三安半导体有限责任公司与需求方(主要从事新能源汽车业务的公司)签署《战略采购意向协议》，需方拟向供方长期采购约定产品(碳化硅芯片)。"
- [prnewswire.com](https://www.prnewswire.com/news-releases/hunan-sanan-secures-order-for-524-million-from-a-leading-nev-brand-301683631.html), 2022-11-21: "Hunan Sanan, its subsidiary, signed a procurement letter of intent (LOI) agreement with a strategic automotive partner."
- [prnewswire.com](https://www.prnewswire.com/news-releases/hunan-sanan-obtient-une-commande-dune-valeur-de-524-millions-de-dollars-de-la-part-dune-grande-marque-de-nev-301691103.html), 2022-12-01: "Hunan Sanan had signed a letter of intent for supply with a strategic automotive partner, to provide silicon carbide chips for the NEV range, valued at $524 million."
- [prnewswire.com](https://www.prnewswire.com/news-releases/hunan-sanan-sichert-sich-auftrag-uber-524-millionen-us-dollar-von-einer-fuhrenden-nev-marke-301699055.html), 2022-12-09: "Gemäß dieser Erklärung wird Hunan Sanan in den nächsten Jahren Siliziumkarbid-Chips („SiC") für die neue Elektrofahrzeug-Produktlinie („NEV") des Automobilherstellers im Wert von insgesamt 524 Millionen US-Dollar liefern."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.