Wolfspeed Inks Agreement With Infineon Technologies For Long-Term Silicon Carbide Wafer Supply

Wolfspeed, Inc (NYSE: WOLF), a global leader in silicon carbide technology, and Infineon Technologies AG (OTCQX:IFNNY) today announced the expansion and extension of their existing long-term silicon carbide (SiC) wafer supply agreement. The expanded agreement adds 200 mm silicon carbide wafers to the existing 150 mm supply and builds on a supply relationship between the two companies spanning more than 20 years. With this agreement, Wolfspeed strengthens its position as a leading Western manufacturer in the SiC market.