# Renesas and Wolfspeed sign $2B silicon carbide wafer supply agreement

Renesas Electronics and Wolfspeed entered into a 10-year supply agreement for silicon carbide bare and epitaxial wafers. Renesas provided a $2 billion deposit as part of the deal.

- Type: Contract
- Announced: 2023-07-07
- Value: $2.00B
- Status: announced
- Products: silicon carbide bare wafers, silicon carbide epitaxial wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Renesas Electronics Corporation](https://endata.com/companies/19562.md) (customer)
- [Wolfspeed](https://endata.com/companies/35100.md) (supplier)

## Sources

- [kirkland.com](https://www.kirkland.com/news/press-release/2023/07/kirkland-represents-renesas-on-supply-agreement-with-wolfspeed), 2023-07-07: "Kirkland & Ellis advised semiconductor supplier Renesas Electronics Corp. on a supply agreement with chipmaker Wolfspeed Inc."

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