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Vitesco Technologies and onsemi sign agreement to invest in SiC technology capacity expansion

TBB BUREAU BHUBANESWAR, JUNE 2, 2023 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) to onsemi for ...

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