Vitesco Technologies Signs $1 Billion Deal with ROHM for Semiconductor Material
Provided by
Dow Jones
By David Sachs
Vitesco Technologies said Monday that it has signed a supply deal with ROHM for silicon carbide, which is used in semiconductors, for more than $1 billion.
The German auto supplier said the deal with the Japanese semiconductor manufacturer will help it build inverters used in electric-vehicle powertrains, and that production will start as early as 2024. The contract runs until 2030, Vitesco said.
Vitesco said it has two customers on board with the product.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
June 19, 2023 03:44 ET (07:44 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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