{"id":32299,"date":"2023-07-06T15:18:42","date_gmt":"2023-07-06T19:18:42","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/wolfspeed-surges-after-securing-2-billion-deposit-from-renesas-to-supply-silicon-carbide-wafers\/"},"modified":"2023-07-06T15:18:43","modified_gmt":"2023-07-06T19:18:43","slug":"wolfspeed-surges-after-securing-2-billion-deposit-from-renesas-to-supply-silicon-carbide-wafers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=32299","title":{"rendered":"Wolfspeed surges after securing $2 billion deposit from Renesas to supply silicon carbide wafers"},"content":{"rendered":"
\n
\n

\u00a9 Reuters Wolfspeed (WOLF) surges 16% after securing $2 billion deposit from Renesas to supply silicon carbide wafers<\/span>
\n<\/i>\n<\/div>\n

Shares of Wolfspeed (NYSE:) surged 17.8% in pre-open trading Wednesday after announcing a 10-year silicon carbide wafer deal with Japanese semiconductor company Renesas (TYO:). The deal comes with a $2 billion deposit from Renesas to Wolfspeed.<\/p>\n

The collaboration enables Renesas to expand the production of silicon carbide power semiconductors, starting in 2025.<\/p>\n

Meanwhile, the $2 billion deposit to Wolfspeed secures the supply agreement for both 150mm and 200mm silicon carbide wafers and supports Wolfspeed\u2019s U.S. capacity expansion plans at its JP facility in Chatham County, North Carolina. This state-of-the-art, multi-billion-dollar factory aims to achieve over a tenfold increase in Wolfspeed’s current silicon carbide production capacity at its Durham campus.<\/p>\n

\u201cThe wafer supply agreement with Wolfspeed will provide Renesas with a stable, long-term supply base of high-quality silicon carbide wafers. This empowers Renesas to scale our power semiconductor offerings to better serve customers\u2019 vast array of applications,\u201d said Hidetoshi Shibata, president and CEO of Renesas. \u201cWe are now poised to elevate ourselves as a key player in the accelerating silicon carbide market.\u201d<\/p>\n

\u201cWith the steepening demand for silicon carbide across the automotive, industrial and energy sectors, it\u2019s critically important we have best-in-class power semiconductor customers like Renesas to help lead the global transition from silicon to silicon carbide,\u201d said Gregg Lowe, president and CEO of Wolfspeed. \u201cFor more than 35 years, Wolfspeed has focused on producing silicon carbide wafers and high-quality power devices, and this relationship marks an important step in our mission to save the world energy.\u201d<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters Wolfspeed (WOLF) surges 16% after securing $2 billion deposit from Renesas to supply silicon carbide wafers Shares of Wolfspeed (NYSE:) surged 17.8% in pre-open trading Wednesday after announcing a 10-year silicon carbide wafer deal with Japanese semiconductor company Renesas (TYO:). The deal comes with a $2 billion deposit from Renesas to Wolfspeed. The […]<\/p>\n","protected":false},"author":1,"featured_media":32300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-32299","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nWolfspeed surges after securing $2 billion deposit from Renesas to supply silicon carbide wafers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters Wolfspeed (WOLF) surges 16% after securing $2 billion deposit from Renesas to supply silicon carbide wafers Shares of Wolfspeed (NYSE:) surged\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=32299\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wolfspeed surges after securing $2 billion deposit from Renesas to supply silicon carbide wafers | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters Wolfspeed (WOLF) surges 16% after securing $2 billion deposit from Renesas to supply silicon carbide wafers Shares of Wolfspeed (NYSE:) surged\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=32299\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-06T19:18:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-06T19:18:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/RenesasElectronics_800x533_L_1617193583.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=32299#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=32299\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Wolfspeed surges after securing $2 billion deposit from Renesas to supply silicon carbide wafers\",\"datePublished\":\"2023-07-06T19:18:42+00:00\",\"dateModified\":\"2023-07-06T19:18:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=32299\"},\"wordCount\":279,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=32299#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=32299\",\"url\":\"https:\/\/ifintechworld.com\/?p=32299\",\"name\":\"Wolfspeed surges after securing $2 billion deposit from Renesas to supply silicon carbide wafers | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-06T19:18:42+00:00\",\"dateModified\":\"2023-07-06T19:18:43+00:00\",\"description\":\"\u00a9 Reuters Wolfspeed (WOLF) surges 16% after securing $2 billion deposit from Renesas to supply silicon carbide wafers Shares of Wolfspeed (NYSE:) surged\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=32299#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=32299\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=32299#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wolfspeed surges after securing $2 billion deposit from Renesas to supply silicon carbide wafers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wolfspeed surges after securing $2 billion deposit from Renesas to supply silicon carbide wafers | iFintechWorld","description":"\u00a9 Reuters Wolfspeed (WOLF) surges 16% after securing $2 billion deposit from Renesas to supply silicon carbide wafers Shares of Wolfspeed (NYSE:) surged","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=32299","og_locale":"en_US","og_type":"article","og_title":"Wolfspeed surges after securing $2 billion deposit from Renesas to supply silicon carbide wafers | iFintechWorld","og_description":"\u00a9 Reuters Wolfspeed (WOLF) surges 16% after securing $2 billion deposit from Renesas to supply silicon carbide wafers Shares of Wolfspeed (NYSE:) surged","og_url":"https:\/\/ifintechworld.com\/?p=32299","og_site_name":"iFintechWorld","article_published_time":"2023-07-06T19:18:42+00:00","article_modified_time":"2023-07-06T19:18:43+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/RenesasElectronics_800x533_L_1617193583.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=32299#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=32299"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Wolfspeed surges after securing $2 billion deposit from Renesas to supply silicon carbide wafers","datePublished":"2023-07-06T19:18:42+00:00","dateModified":"2023-07-06T19:18:43+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=32299"},"wordCount":279,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=32299#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=32299","url":"https:\/\/ifintechworld.com\/?p=32299","name":"Wolfspeed surges after securing $2 billion deposit from Renesas to supply silicon carbide wafers | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-06T19:18:42+00:00","dateModified":"2023-07-06T19:18:43+00:00","description":"\u00a9 Reuters Wolfspeed (WOLF) surges 16% after securing $2 billion deposit from Renesas to supply silicon carbide wafers Shares of Wolfspeed (NYSE:) surged","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=32299#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=32299"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=32299#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Wolfspeed surges after securing $2 billion deposit from Renesas to supply silicon carbide wafers"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/32299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32299"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/32299\/revisions"}],"predecessor-version":[{"id":32301,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/32299\/revisions\/32301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/32300"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}