# Onsemi signs LTSA with Magna for SiC power solutions

Onsemi announced a long-term supply agreement with Magna to supply EliteSiC power solutions for Magna's eDrive systems. Magna will invest approximately $40 million to support SiC manufacturing equipment at onsemi's facilities.

- Type: Contract
- Announced: 2023-08-11
- Where: United States
- Value: $40.0M
- Status: announced
- Products: EliteSiC power solutions, silicon carbide components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [eepower.com](https://eepower.com/news/onsemi-long-term-supply-agreements-heat-up/), 2023-08-11: "The agreement has onsemi supplying its EliteSiC power solutions to Magna for use in the company’s eDrive systems for EVs."

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