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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