ON Semiconductor and BorgWarner sign $1B silicon carbide deal

ON Semiconductor Corp signed a deal with BorgWarner Inc for silicon carbide (SiC) power devices, with a total lifetime deal value of over $1 billion. BorgWarner will integrate ON's EliteSiC 1200V and 750V power devices into their VIPER power modules.

“The integration of EliteSiC technology in the traction inverter enables increased gas-equivalent miles per gallon (MPGe), which helps alleviate range anxiety - one of the key barriers to EV adoption.”benzinga.com

• 1 source
• benzinga.comON Semiconductor Joins Hand With BorgWarner For $1B Silicon Carbide Deal - ON Semiconductor (NASDAQ:ON) - BenzingaLekha GuptaJul 18, 2023

Summarized from public sources; check the original articles before acting on it.