Infineon has signed a multi-year supply agreement with II-VI for silicon carbide (SiC) wafers. With this, Infineon ensures further access to this strategic semiconductor material to serve the strongly increasing customer demand in this area.
As part of its multi-sourcing strategy, Infineon has now expanded its supplier base for silicon carbide (SiC) wafers to increase the resilience of its supply chain. To do so, the company has signed a multi-year supply agreement with U.S.-based II-VI Incorporated. The first deliveries have already been made. As strategic partners, II-VI and Infineon are also collaborating in the transition to 200mm SiC diameter wafers.
Infineon expects its SiC semiconductor sales to grow by more than 60 percent on average per year, reaching approximately $1 billion by mid-decade. For the second half of the decade, Infineon expects on-going growth momentum, for which it invests in its recently announced additional manufacturing block in Kulim, Malaysia.
“SiC compound semiconductors set new standards in power density and efficiency. We are leveraging them to deliver on our strategy of decarbonization and digitalization,” underscores Angelique van der Burg, Chief Procurement Officer at Infineon. “Infineon is increasing investments in its SiC manufacturing capacity to meet the rapidly growing demand from our customers. We are pleased to add II-VI to our strategic supplier base and grow our business together.”
“Infineon, as a market leader in power semiconductors, is an important partner for us,” said Sohail Khan, Executive Vice President, New Ventures & Wide-Bandgap Electronics Technologies at II-VI. “Our highly specialized products are now helping Infineon provide innovative electronic components to key customers worldwide.”