# onsemi signs 10-year, $1.9bn SiC supply deal with Vitesco Technologies

onsemi and Vitesco Technologies signed a 10-year long-term supply agreement worth $1.9bn for silicon carbide products. Vitesco will invest $250m in onsemi for new SiC equipment.

- Type: Contract
- Announced: 2023-05-31
- Where: United States
- Value: $1.90B
- Status: announced
- Products: silicon carbide MOSFETs, SiC wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [onsemi](https://endata.com/companies/15223.md)
- [Vitesco Technologies](https://endata.com/companies/7771.md) (customer)
- [onsemi](https://endata.com/companies/15223.md) (supplier)

## Sources

- [semiconductor-today.com](https://www.semiconductor-today.com/news_items/2023/may/onsemi-vitesco-310523.shtml), 2023-05-31: "Energy-efficient silicon carbide power semiconductors are at the beginning of a big surge in demand."
- [stocks.observer-reporter.com](http://stocks.observer-reporter.com/observerreporter/article/bizwire-2023-5-31-vitesco-technologies-and-onsemi-sign-sic-long-term-supply-agreement-and-agree-to-invest-in-sic-technology-capacity-expansion), 2023-05-31: "Vitesco Technologies (FSE: VTSC) and onsemi (Nasdaq: ON) today announced a 10-year long-term supply agreement worth $1.9 billion for silicon carbide (SiC) products to enable Vitesco Technologies’ ramp in electrification technologies."
- [just-auto.com](https://www.just-auto.com/news/vitesco-technologies-and-onsemi-sign-long-term-supply-agreement/), 2023-06-01: "Energy-efficient silicon carbide power semiconductors are at the beginning of a big surge in demand."
- [citybiz.co](https://www.citybiz.co/article/423624/vitesco-technologies-and-onsemi-sign-sic-long-term-supply-agreement/), 2023-06-01: "Energy-efficient silicon carbide power semiconductors are at the beginning of a big surge in demand."
- [icspec.com](https://www.icspec.com/news/2185426), 2023-06-01: "安森美将在未来十年为纬湃科技供应 SiC产品。"
- [eepower.com](https://eepower.com/news/onsemi-to-supply-silicon-carbide-to-electric-vehicle-drive-developer/), 2023-06-13: "Onsemi and Vitesco Technologies have announced a supply agreement valued at $1.9 billion over ten years to secure Vitesco’s supply of silicon carbide products for its electric power trains."

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