200mm semiconductor fab to be world’s largest, utilizing innovative manufacturing processes to produce next-generation silicon carbide devices
Expansion of Silicon Carbide Device Manufacturing Facility in Europe Supports Accelerating Customer Demand and Supports Company’s Long-Term Earnings Outlook of $4 Billion in Fiscal Year 2027
A key part of the company’s previously announced $6.5 billion global capacity expansion plan. This includes the John Palmore Silicon Carbide Manufacturing Center, the world’s largest silicon carbide crystal growth facility, currently under construction in North Carolina, and the eventual construction of the company’s Mohawk Valley fab.
ZF Friedrichshafen will make a significant investment in Wolfspeed to support the construction of the project.
It is planned as part of the Important Project of Common European Interest on Microelectronics and Communication Technologies (IPCEI) and is dependent on approval of state aid from the European Commission.
Durham, NC & Endorf, Germany, February 1, 2023–(business wire) — Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology and manufacturing, today announced plans to build a highly automated, state-of-the-art 200 mm wafer fabrication facility in Saarland, Germany. Did. The company’s first fab in Europe is its most advanced, development and production facility for ground-breaking innovation Silicon Carbide in the European Union to support the growing demand for a wide range of automotive, industrial and energy applications. Create a. The Wolfspeed facility is planned as part of a collaboration within the IPCEI for Microelectronics and Communication Technologies framework and is dependent on approval of state aid from the European Commission. IPCEI funding is intended to support technology development and initial deployment within this project. ZF Friedrichshafen will also support the new construction by making significant investments as part of a new strategic partnership announced separately.
The European fab announcement follows the company’s $6.5 billion capacity expansion initiative, which will include the opening of the company’s 200 mm Mohawk Valley device fab in April 2022 and the construction of the 445-acre John Palmore Silicon Carbide Manufacturing Center. is an important part of (180 ha) Silicon Carbide Materials Facility in North Carolina. This will expand the company’s existing material production capacity by more than 10 times his. The first phase of construction of the materials facility is expected to be completed by the end of fiscal year 2024.
Gregg Lowe, Wolfspeed President and CEO, said: “Silicon carbide devices increase energy efficiency and are critical to the global transition to sustainable electrification. Essential to support our expansion, it was important to us to set up a facility in the heart of Europe, close to many of our customers and partners, to foster collaboration on the next generation of silicon carbide technology. I hope.”
The announcement was made at an event at the planned 35-acre (14-hectare) fab, a former coal-fired power plant in Saarland, Germany. German Chancellor Olaf Scholz was present to welcome Wolfspeed to the region, along with German Deputy Chancellor and Federal Minister for Economic and Climate Action Robert Habeck and Saarland Minister Anke Röhringer. bottom. On behalf of the new partnership, ZF CEO Holger Klein and member of the ZF Board of Management Stefan von Schumann also attended the announcement. Wolfspeed today announced a strategic partnership with ZF. This includes an investment in Wolfspeed and a joint silicon carbide R&D facility in Germany that is also part of his IPCEI framework. Construction of the fab is expected to start in the first half of 2023, subject to EU Commission approval.
“This project is a major transformational engine and a work force for a traditionally industrial area. Furthermore, it brings together key European know-how and reduces energy consumption and CO2 emissions, thereby contributing to the European Green Deal. We will contribute to the implementation,” said Minister Saarland. – Anke Röhringer, President. “We are proud to have Wolfspeed, and we are proud that the region has played such an important role in driving innovation in silicon and carbide semiconductors.”
The fab will be designed for breakthrough manufacturing processes that will produce the next generation of silicon carbide devices. The new fab will also employ innovative sustainability measures, such as a higher percentage of recycled water and a reduced emissions footprint, to serve as a model for more sustainable fabs in the future. The fab is expected to employ more than 600 people at full capacity.
Adoption of silicon carbide power devices is growing rapidly in multiple markets, including renewable energy and energy storage, electric vehicles, charging infrastructure, industrial power supplies, traction and variable speed drives. Silicon carbide enables smaller, lighter, and more cost-effective designs and converts energy more efficiently to enable countless new clean energy applications.
Wolfspeed (NYSE: WOLF) is a market leader in the global adoption of silicon carbide and GaN technology. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product family includes silicon carbide materials, power devices, and RF devices for a variety of applications including electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unlock the power of possibility through hard work, collaboration and a passion for innovation.Click here for details www.wolfspeed.com.
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This press release contains forward-looking statements by Wolfspeed that involve known and unknown risks and uncertainties that could cause Wolfspeed’s actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk that Wolfspeed may not receive funding from the European Union’s significant IPCEI framework. Wolfspeed will not be liable for any delays or other delays in building and/or launching production at this new device factory on time, at anticipated costs, within anticipated job creation and anticipated production levels, or at all. You may run into difficulties. Risks associated with mass production transition from 150mm wafers to 200mm wafers. Continued pace of migration towards the use of silicon carbide devices in electric vehicles and other industrial applications. Wolfspeed’s ability to develop and design silicon carbide devices that continue to improve performance across a wide range of markets. the risk that Wolfspeed may not be able to manufacture the product at a cost low enough to offer it at a competitive price or at an acceptable margin; The risk that demand for silicon carbide will not grow as Wolfspeed expects. Rapid development of new technologies and competing products that may undermine demand or render Wolfspeed’s products obsolete. and other factors discussed in Wolfspeed’s filings with the Securities and Exchange Commission, including its Form 10-K report and subsequent filings for the year ended June 26, 2022. For additional product and company information, please see: www.wolfspeed.com.
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