BorgWarner to invest $500M in Wolfspeed for SiC device capacity

BorgWarner will invest $500 million in Wolfspeed's financing transaction, securing the right to purchase up to $650 million of silicon carbide devices annually under a multi-year agreement.

“We believe this agreement helps ensure that BorgWarner will have a reliable supply of high-quality silicon carbide devices, which are significant to the company's inverter growth plans.”wolfspeed.com

• 1 source
• wolfspeed.comBorgWarner to Invest $500 Million in Wolfspeed, Securing up to $650 Million in Annual Capacity for Silicon Carbide Devices | WolfspeedNov 16, 2022

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