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BorgWarner secures USD 650 million annual silicon carbide device capacity from Wolfspeed

BorgWarner Inc. and Wolfspeed, Inc. announced a strategic partnership that calls for BorgWarner to invest USD 500 million in Wolfspeed’s financing transaction in exchange for a silicon carbide device capacity corridor. Under the multi-year agreement, BorgWarner will be entitled to purchase up to USD 650 million of de....

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