October / November 2021

9 www.power-mag.com Issue 4 2021 Power Electronics Europe MARKET NEWS Renesas as a premier embedded solution provider. Renesas will expand its market presence with an even broader range of product portfolio by combining Dialog’s low-power mixed signal products, low-power Wi-Fi and Bluetooth® connectivity expertise, flash memory, battery and power management as well as its long-standing experience and in-depth knowledge in providing configurable mixed-signal (CMIC) solutions and more. Renesas anticipates incremental revenue growth of approximately $200 million from cross-selling and offering winning combinations. The combined company also expects cost savings from operational efficiencies to result in a financial impact of approximately $125 million. With the transaction now closed, Dialog became a wholly owned subsidiary of Renesas. About 2,300 Dialog employees have joined Renesas Group, and the two companies will work together to integrate both businesses. “Today represents an important milestone for Renesas. This transaction builds on our long-term strategy to offer a complete set of solutions with more leading-edge analog and mixed signal products that deliver value and innovation to the customers,” said Hidetoshi Shibata, President & CEO of Renesas. www.renesas.com Wolfspeed and STMicroelectronics Expand 150 mm SiC Wafer Supply Agreement This amended agreement, which calls for Cree to supply ST with 150 mm SiC bare and epitaxial wafers over the next several years, is now worth more than $800 million. “This latest expansion to our long-term wafer supply agreement with Cree will continue to contribute to the flexibility of our global silicon carbide substrate supply., complementing the other external capacity we have secured and the internal capacity we are ramping. The agreement will help meet the high volumes required by our product manufacturing operations in the next years, with a large number of automotive and industrial customer programs in high volumes or ramping up,” said Jean-Marc Chery, President and CEO of STMicroelectronics. The adoption of Silicon Carbide-based power solutions is rapidly growing across the automotive market as the industry moves from internal combustion engines to electric vehicles, enabling greater system efficiencies that result in electric cars with longer range and faster charging, while reducing cost, lowering weight and conserving space. In the industrial market, silicon carbide solutions enable smaller, lighter and more cost-effective designs, converting energy more efficiently to unlock new clean energy applications. To better support these growing markets, device manufacturers are interested in securing access to high-quality silicon carbide substrates to support their customers. “We are very pleased that STMicroelectronics will continue to leverage Wolfspeed silicon carbide materials as part of their supply strategy for the next several years,” said Cree CEO Gregg Lowe. “Our long-term wafer supply agreements with device manufacturers now total more than $1.3 billion and help support our efforts to drive the industry transition from Silicon to Silicon Carbide. Our partnerships and significant investments in increased production capacity ensure we are well positioned to capitalize on what we believe to be is a multi-decade growth opportunity for Silicon Carbide-based applications.” www.st.com , www.cree.com Name: Company Name: Address: Post Code: Tel: Total Number of Copies @ £ p+p Total £ Drives S & S Hyd H/B Pne H/B Ind Mot Comp H/B H/B Air DFA MEDIA LTD, QUANTITY QUANTITY Hydraulics & Pneumatics There are now 6 of these handy reference books from the publishers of the Drives & Controls and Hydraulics & Pneumatics magazines. Published in an easily readable style and designed to help answer basic questions and everyday problems without the need to refer to weighty textbooks. We believe you’ll find them invaluable items to have within arms reach. From the publishers of QUANTITY QUANTITY QUANTITY 2-5 copies £4.30, 6-20 copies £4.10, 20+ copies £3.75. QUANTITY PRACTICAL ENGINEER’S HANDBOOKS HYDRAULICS INDUSTRIAL MOTORS SERVOS AND STEPPERS PNEUMATICS COMPRESSED AIR INDUSTRIAL ELECTRIC DRIVES PLEASE ALLOW UPTO 28 DAYS FOR DELIVERY 192 The High Street, Tonbridge, Kent TN9 1BE Engineers Handbook, DFA MEDIA LTD, 192 The High Street, Tonbridge, Kent TN9 1BE Cheques should be made payable to DFA MEDIA LTD and crossed A/C Payee. Copies of the handbooks are available at £4.99 per copy. Discounts are available for multiple copies. Postage and Packaging: 1-3 copies: £2.99 4-6 copies: £4.99 7 or more copies: £6.99 If you would like to obtain additional copies of the handbooks, please email info@dfamedia.co.uk or call us on 01732 370340. Alternatively you can return the completed form below to: