STMicroelectronics, Rohm Expand Semiconductor-Material Supply Agreement
By Adria Calatayud
STMicroelectronics said it expanded an agreement to procure substrate wafers of silicon carbide, a semiconductor material, from Rohm's SiCrystal for a minimum value of $230 million.
The European chip maker said Monday the expansion of an existing long-term supply agreement means it will receive larger volumes of SiC substrate wafers to support its plans to ramp up manufacturing capacity for automotive and industrial customers.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
April 22, 2024 03:31 ET (07:31 GMT)
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