BorgWarner to invest $500M in Wolfspeed, securing up to $650M in annual capacity for SiC devices
Green Car Congress
NOVEMBER 17, 2022
billion financing transaction in exchange for a silicon carbide device capacity corridor. Under the multi-year agreement between BorgWarner and Wolfspeed, BorgWarner will be entitled to purchase up to $650 million of devices annually as BorgWarner requirements increase. —Gregg Lowe, President and CEO for Wolfspeed.
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