Borgwarner to invest $500 million in wolfspeed, securing up to $650 million in annual capacity for silicon carbide devices

Borgwarner will participate in wolfspeed's financing transaction announced earlier today to support wolfspeed's multi-year capacity expansion plan access to a dedicated supply of silicon carbide (sic) devices is significant to borgwarner's inverter growth plan and charging forward objectives wolfspeed and borgwarner are also exploring a deeper collaboration for the purpose of accelerating technology development durham, n.c. and auburn hills, mich.
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