BorgWarner to invest USD500 million in US chipmaker Wolfspeed

News
Strategic Partnerships

Under its Charge Forward strategy, BorgWarner targets USD4.5 billion of EV revenue for 2025, compared to less than USD350 million in 2021

BorgWarner and Wolfspeed have signed a strategic partnership that calls for BorgWarner to invest USD500 million in Wolfspeed’s financing transaction in exchange for a silicon carbide device capacity corridor, the Michigan-based supplier of propulsion systems and electric mobility solutions announced on 16 November 2022.

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