Infineon Signs Multi-Year Agreement with Hyundai/Kia for Power Semiconductors
Infineon Technologies AG has entered into a multi-year agreement with Hyundai Motor Company and Kia Corp to supply silicon carbide (SiC) as well as silicon (Si) power semiconductor modules and chips. The agreement, which will run until 2030, includes the building and reserving of manufacturing capacity. Hyundai/Kia are also supporting the capacity build-up and reservation through financial contributions.
Heung Soo Kim, executive VP & head of the Global Strategy Office at Hyundai Motor Group, commented, "Infineon stands as a valued strategic partner, boasting steadfast production capabilities and distinct technological prowess within the power semiconductor market. This partnership not only empowers Hyundai Motor and Kia to stabilize its semiconductor supply but also positions us to solidify our leadership in the global EV market."
Peter Schiefer, president of Infineon's Automotive Division, added, "As a trusted partner, we are proud to advance our long-term partnership with Hyundai/Kia. We contribute premium products of high quality, our system knowledge and application understanding combined with continued investments in manufacturing capacity to address the increasing demand for automotive power electronics."
Infineon's power semiconductors are key enablers for the transition to electro-mobility. The company foresees strong market growth for power semiconductors, especially those based on wide bandgap materials like SiC. To strengthen its role as a high-volume supplier to the automotive industry, Infineon is expanding its fabrication plant in Kulim, Malaysia, to build what is expected to be the world's largest 200mm SiC power fab. This expansion is part of Infineon's multi-site strategy, which includes existing manufacturing capacity in Villach, Austria, and further capacity expansions in Dresden, Germany.
Infineon's commitment to power semiconductor production aligns with the increasing global demand for automotive electronics, particularly for electric vehicles. With their partnership with Hyundai Motor Group, Infineon aims to support the growing market for electric vehicles and solidify their position as a leader in the industry.
For more information, visit the official website of Infineon Technologies AG.