Page 9 - Andreas Wolf News Today

Vitesco Technologies, a manufacturer of drive technologies and electrification solutions, has signed a $1bn long-term supply partnership with ROHM through to 2030.

First series production of SiC power electronics for two major customers planned for 2024, ahead of original timeline

Vitesco signed an agreement with Japanese microchip maker Rohm Co., securing it with more than $1 billion in silicon carbide semiconductors through 2030.

The $1.9 billion deal will help Vitesco ramp up electrification technologies.

Andreas Wolf from Warburg Research retains his positive opinion on the stock with a Buy rating. The target price continues to be set at EUR 16.50. | June 5, 2023

NL Corresspondent Jammu Tawi: Vitesco Technologies and onsemi today announced a 10-year long-term supply agreement worth $1.9 billion (€1.75 billion) for silicon carbide (SiC) products to enable Vitesco Technologies’ ramp in electrification technologies. Vitesco Technologies, a leading international manufacturer of modern drive technologies and electrification solutions, is providing an investment of $250 million (€230 million)

EQS-News: Vitesco Technologies Group AG / Key word: Alliance Vitesco Technologies Group AG: Vitesco Technologies and onsemi sign SiC long-term supply agreement and agree to invest in SiC... | May 31, 2023

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Vitesco Technologies and onsemi have entered into a 10-year long-term supply agreement worth USD 1.9 billion (EUR 1.75 billion) for SiC products to enable Vitescos ramp in electrification technologies.

Vitesco Technologies is securing silicon carbide (SiC) supply capacity worth $1.9 billion (€1.75 billion) in a ten year supply deal with onsemi. The German tier one automotive supplier is paying onsemi $250 million (€230 million) upfront to secure that production capacity, and the two companies will collaborate to further optimize the design of traction inverters […]