# BorgWarner invests US$500m in Wolfspeed for silicon carbide supply

BorgWarner invested US$500m in Wolfspeed, securing access to US$650m worth of silicon carbide semiconductors annually for use in EV components.

- Type: Investment
- Announced: 2022-11-23
- Where: Durham, North Carolina, USA, United States
- Value: $500.0M
- Status: completed
- Products: silicon carbide semiconductors, power modules
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [designnews.com](https://www.designnews.com/automotive-engineering/borgwarner-solidifies-silicon-carbide-supply-with-investment), 2022-11-23: "Silicon carbide-based power electronics play an increasingly important role for our customers as our electric vehicle business continues to accelerate."

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