GREENSBORO, NC and AUBURN, MI ¨C November 2, 2022 ¨C Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, and SK Siltron CSS, a semiconductor wafer manufacturer, announced today they have finalized a multi-year supply agreement for silicon carbide (SiC) bare and epitaxial wafers.
This agreement will promote domestic semiconductor supply chain resilience and a greater ability to support the rapidly rising demand for advanced silicon carbide solutions, specifically in the automotive market. This agreement will also provide end-user customers a level of protection and confidence as customers adopt Qorvo's industry leading Gen 4 SiC FET solutions.
SiC devices are more efficient at handling high powers and conducting heat than traditional silicon. When used in electric vehicle (EV) system components, this allows for a more efficient transfer of electricity from the battery to the motor, increasing the driving range of an EV by 5% to 10%.
About SK Siltron CSS
SK Siltron CSS partners with global semiconductor manufacturers through supplying leading-edge compound semiconductor wafer solutions. A subsidiary of South Korea based SK Siltron, a part of the SK Group, SK Siltron CSS is able to leverage the global resources available within the SK Group to achieve its vision of transforming the world through sustainable compound semiconductor solutions.
About SK Group
SK Group, South Korea's second-largest conglomerate, is a collection of global industry-leading companies driving innovations in semiconductors, sustainable energy, telecommunications and life sciences. Based in Seoul, SK invests in building sustainable businesses around the world with a shared commitment to reducing global greenhouse gas emissions and increasing the use of renewable energy.
SK companies combined have more than $139 billion in global annual revenue and employ more than 100,000 people worldwide. SK companies are investing billions of dollars in expanding their U.S. presence with business operations or partnerships in hydrogen energy and fuel cells, EV battery manufacturing and technology, energy storage solutions, pharmaceutical manufacturing and development, semiconductors, and advanced materials. For more information, visit sk.com.
