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IFX - Infineon Technologies AG News Story

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Sector
Technology
Size
Large Cap
Market Cap £36.33bn
Enterprise Value £39.52bn
Revenue £8.55bn
Position in Universe 35th / 1044

Infineon adds new Japanese supplier to help meet chip demand

Thu 6th May, 2021 8:14am
BERLIN, May 6 (Reuters) - German chipmaker Infineon
 IFXGn.DEI  said on Thursday it had signed a contract with
Japanese wafer maker Showa Denko K.K.  4004.T  as it seeks to
expand its suppliers to help meet growing demand for
semiconductors.
    Showa Denko will supply an extensive range of silicon
carbide material (SiC) including epitaxy, which is used to make
power semiconductors for industrial power supply and charging
infrastructure for electric cars, it said.
    The contract runs for two years and has the option of being
extended, Infineon said.
    "The expansion of our supplier base with Showa Denko for
wafers in this growth market marks an important step in our
multisourcing strategy," said Peter Wawer, head of Infineon's
industrial power control division.
    Infineon expects the market for SiC-based semiconductors to
grow 30-40% annually over the next five years.
 

 (Reporting by Caroline Copley; Editing by Maria Sheahan)
 ((Caroline.Copley@thomsonreuters.com; +49 (0)30 2201 33584 ;))
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