Wolfspeed and ZF, a global technology company enabling next generation mobility announced a strategic partnership that includes the creation of a joint innovation lab to drive advances in Silicon Carbide systems and devices for mobility, industrial and energy applications. The partnership also includes a significant investment by ZF to support the planned construction of the world’s most advanced and largest 200mm Silicon Carbide device fab in Ensdorf, Germany. Both the joint innovation lab and the Wolfspeed device fab are planned as part of the Important Project of Common European Interest for Microelectronics and Communication Technologies framework, and are dependent upon state aid approval from the European Commission. "These initiatives are a significant step towards a successful industrial transformation. They strengthen European supply resilience and, at the same time, support the European Green Deal and the strategic goals for Europe’s Digital Decade," said Dr. Holger Klein, CEO of ZF.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on WOLF:
- Wolfspeed price target lowered to $95 from $100 at Citi
- Wolfspeed price target lowered to $80 from $85 at BMO Capital
- Wolfspeed price target lowered to $103 from $111 at Canaccord
- Wolfspeed price target lowered to $80 from $88 at Morgan Stanley
- Wolfspeed price target lowered to $88 from $90 at Susquehanna
