X-FAB

The U.S. Department of Commerce signed a preliminary memorandum of terms to provide up to $50 million in direct funding to X-Fab for the modernization and expansion of its existing silicon carbide fab in Lubbock, Texas, creating up to 150 jobs.

X-FAB and Soitec have announced a partnership to offer Soitec's SmartSiC silicon carbide wafers for production of power devices at X-FAB's plant in Lubbock, Texas. The collaboration follows a successful assessment phase and includes a joint supply chain consignment model.

X-FAB Texas announced a $200 million phase-one expansion of its silicon carbide manufacturing facility in Lubbock, Texas, expected to create up to 250 jobs. Further investments will follow based on market demands.