# 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.

- Type: Partnership
- Announced: 2022-11-16
- Where: United States
- Value: $500.0M
- Status: announced
- Products: silicon carbide devices
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [BorgWarner](https://endata.com/companies/751.md) (investor)
- [Wolfspeed](https://endata.com/companies/35100.md) (partner)

## Sources

- [wolfspeed.com](https://www.wolfspeed.com/company/news-events/news/borgwarner-to-invest-500-million-in-wolfspeed-securing-up-to-650-million-in-annual-capacity-for-silicon-carbide-devices/), 2022-11-16: "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."

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