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BRIEF-Borgwarner To Invest $500 Million In Wolfspeed For Silicon Carbide Devices

Reuters · 11/16/2022 07:34
BRIEF-Borgwarner To Invest $500 Million In Wolfspeed For Silicon Carbide Devices

- Borgwarner Inc BWA.N:

  • BORGWARNER TO INVEST $500 MILLION IN WOLFSPEED, SECURING UP TO $650 MILLION IN ANNUAL CAPACITY FOR SILICON CARBIDE DEVICES

  • BORGWARNER INC - WOLFSPEED AND BORGWARNER ARE ALSO EXPLORING A DEEPER COLLABORATION FOR PURPOSE OF ACCELERATING TECHNOLOGY DEVELOPMENT

  • BORGWARNER INC - BELIEVES IT IS ALREADY ON TRACK TO ACHIEVE APPROXIMATELY $4 BILLION OF ELECTRIC VEHICLE REVENUE BY 2025

  • BORGWARNER- UNDER DEAL BETWEEN CO AND WOLFSPEED, CO TO BE ENTITLED TO PURCHASE UP TO $650 MILLION OF DEVICES ANNUALLY AS BORGWARNER REQUIREMENTS INCREASE

  • BORGWARNER INC - BORGWARNER'S CHARGING FORWARD STRATEGY TARGETS $4.5 BILLION OF ELECTRIC VEHICLE REVENUE FOR 2025

Source text for Eikon: ID:

Further company coverage: BWA.N


((Reuters.Briefs@thomsonreuters.com;))