Qorvo® and SK Siltron CSS Announce Long-Term Silicon Carbide (SiC) Supply Agreement
Qorvo (Nasdaq: QRVO) has entered a multi-year supply agreement with SK Siltron CSS for silicon carbide (SiC) wafers. This partnership aims to enhance domestic semiconductor supply chain resilience and cater to the growing demand in the automotive sector. SiC devices are noted for their efficiency, potentially increasing electric vehicle driving ranges by 5% to 10%. The collaboration underscores Qorvo's commitment to innovation in semiconductor solutions, particularly for electric vehicles.
- Finalized multi-year supply agreement with SK Siltron CSS enhances semiconductor supply chain.
- Increased demand in the automotive market indicates growth potential.
- SiC devices improve efficiency, potentially boosting EV driving range by 5-10%.
- None.
GREENSBORO, N.C. and AUBURN, Mich., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, and SK Siltron CSS, a semiconductor wafer manufacturer, announced today they have finalized a multi-year supply agreement for silicon carbide (SiC) bare and epitaxial wafers.
This agreement will promote domestic semiconductor supply chain resilience and a greater ability to support the rapidly rising demand for advanced silicon carbide solutions, specifically in the automotive market. This agreement will also provide end-user customers a level of protection and confidence as customers adopt Qorvo’s industry leading Gen 4 SiC FET solutions.
SiC devices are more efficient at handling high powers and conducting heat than traditional silicon. When used in electric vehicle (EV) system components, this allows for a more efficient transfer of electricity from the battery to the motor, increasing the driving range of an EV by
About SK Siltron CSS
SK Siltron CSS partners with global semiconductor manufacturers through supplying leading-edge compound semiconductor wafer solutions. A subsidiary of South Korea based SK Siltron, a part of the SK Group, SK Siltron CSS is able to leverage the global resources available within the SK Group to achieve its vision of transforming the world through sustainable compound semiconductor solutions.
About SK Group
SK Group, South Korea’s second-largest conglomerate, is a collection of global industry-leading companies driving innovations in semiconductors, sustainable energy, telecommunications and life sciences. Based in Seoul, SK invests in building sustainable businesses around the world with a shared commitment to reducing global greenhouse gas emissions and increasing the use of renewable energy.
SK companies combined have more than
About Qorvo
Qorvo (Nasdaq: QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including consumer electronics, smart home/IoT, automotive, EVs, battery-powered appliances, network infrastructure, healthcare and aerospace/defense. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.
Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.
| Investor Relations Contact: Doug DeLieto VP, Investor Relations W +1 336-678-7968 | Media Contact: Brent Dietz Qorvo Director of Corporate Communications W + 1 336-678-7935 brent.dietz@qorvo.com |
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