Onsemi and magna sign strategic agreements to invest in silicon carbide for growing electric vehicle market

Scottsdale, ariz. & aurora, ontario--(business wire)--onsemi (nasdaq: on), a leader in intelligent power and sensing technologies, and magna (nyse: mga; tsx: mg), a mobility technology company and one of the world's largest automotive suppliers, announced a long-term supply agreement (ltsa) for magna to integrate onsemi's elitesic intelligent power solutions into its edrive systems. by integrating onsemi's industry-leading elitesic mosfet technology, magna edrive systems can offer better coolin.
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