On the eve of the opening of a new semiconductor factory, Wolfspeed strikes a deal with Lucid Motors

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RESEARCH TRIANGLE PARK – Wolfspeed will open its new semiconductor factory with a groundbreaking ceremony later today. But the morning news comes from a new partnership announced by the Durham-based company.

Lucid Motors, an electric vehicle maker, will use a silicon carbide power module developed and manufactured by Wolfspeed in the Lucid Air vehicle, the company announced today.

“Lucid Motors is an emerging leader not just in electric vehicles, but in the automotive industry as a whole,” said Gregg Lowe, CEO of Wolfspeed. “As the world moves towards an all-electric future for transportation, silicon carbide technology is at the forefront of the industry’s transition to electric vehicles, enabling performance, range and uptime. higher loads.”

The device, referred to by the company as an “auto-qualified 1200V silicon carbide half-bridge XM3 power module,” will be manufactured at the company’s new factory in New York’s Mohawk Valley.

The agreement between the companies will last for several years, according to a statement released by the company.

Wolfspeed CEO: Semiconductor demand continues to rise – here’s why

Expansion of facilities

The new facility opens today and, according to the company, will be the largest 200 millimeter silicon carbide fabrication plant in the world. It is expected to “significantly” increase production capacity, according to the company’s statement.

“Our investment in the Mohawk Valley Fab ensures our customers, including Lucid, have access to the advanced products they need to deliver innovative solutions to market,” said Lowe.

Wolfspeed is raising $650 million in debt due to growing demand, WRAL TechWire previously reported. And Lowe told WRAL TechWire in February that demand for semiconductors continues to rise.

There have been a number of recent announcements in the semiconductor industry: Intel is to build a $20 billion factory in Ohio and Samsung is set to invest $17 billion in Texas. Lowe told WRAL TechWire in February that with the passage of the CHIPS Act, the likelihood of “more announcements” will be higher.

That includes North Carolina, according to Lowe, who told WRAL TechWire that North Carolina can and will be a competitive state for the semiconductor industry.

“We’re a shining example of that,” Lowe said in February. “With the expansion of our Durham campus.”

Wolfspeed is also investing in its headquarters location, Lowe noted. Durham sees its fair share of construction cranes and orange fencing, Lowe said. The company is expanding its materials business and increasing the capacity of its wafer fabrication processes, and a company spokesperson told WRAL TechWire that the company’s planned investment is approximately $1 billion between two facilities.

Wolfspeed raises $650M and increases fundraising by $150M in response to demand

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