BorgWarner to invest $500M in Wolfspeed, securing up to $650M in annual capacity for SiC devices

Green Car Congress
By mmillikinNov 17, 2022, 11:00 am269 pts
Wolfspeed and BorgWarner announced a strategic partnership that calls for BorgWarner to invest $500 million in Wolfspeed’s new $1.3-billion financing transaction in exchange for a silicon carbide device capacity corridor. Wolfspeed intends to offer, subject to market conditions and other factors, $1.300…

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