# San'an Semiconductor secures $525M silicon carbide chip order from NEV maker

Hunan San'an Semiconductor, a subsidiary of San'an Optoelectronics, signed a letter of intent on November 6, 2022, to supply silicon carbide chips worth CNY 3.8 billion ($525 million) to an unnamed new energy vehicle company. The partnership includes R&D in 2023 and bulk supply from 2024 to 2027.

- Type: Contract
- Announced: 2022-11-07
- Where: China
- Value: $525.0M (3.80B CNY)
- Status: announced
- 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

- [San'an Optoelectronics](https://endata.com/companies/23783.md)
- [Hunan San'an Semiconductor](https://endata.com/companies/66487.md) (supplier)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/sanan-semiconductor-unit-secures-usd525-million-order-from-nev-maker), 2022-11-08: "San’an Optoelectronics’ semiconductor subsidiary has secured an order worth CNY3.8 billion (USD525 million) to develop and manufacture silicon carbide chips for a new energy vehicle company."

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