# Magna signs 10-year silicon carbide chip supply deal with Onsemi

Magna International entered a 10-year agreement with Onsemi for silicon carbide microchips to be used in its e-Drive systems, and committed $40 million for new silicon carbide equipment at Onsemi facilities in New Hampshire and the Czech Republic.

- Type: Contract
- Announced: 2023-07-27
- Where: United States
- Value: $40.0M
- Status: announced
- Products: silicon carbide microchips, e-Drive systems
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md) (customer)
- [onsemi](https://endata.com/companies/15223.md) (supplier)

## Sources

- [autonews.com](https://www.autonews.com/suppliers/magna-onsemi-ink-silicon-carbide-microchip-deal), 2023-07-27: "We believe that a secure supply of silicon carbide chips will be critical to our ability to continue delivering innovative and efficient eDrive systems for our customers."

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