Infineon Signs Semiconductor Supply Deal With Hyundai, Kia
October 18 2023 - 2:51AM
Dow Jones News
By Giulia Petroni
Infineon Technologies said it has signed a multi-year supply
agreement for power semiconductors with Hyundai Motor and Kia
lasting until 2030.
The German chipmaker said Wednesday that it will build
manufacturing capacity to supply silicon carbide and silicon
semiconductors, and that the South Korean automakers will support
it with financial contributions.
The partnership will allow Hyundai and Kia to stabilize their
supply of semiconductors while also consolidating their position in
the global electric-vehicle market, said Heung-soo Kim, executive
vice president and head of global strategy office at Hyundai.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 18, 2023 02:36 ET (06:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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