Semiconductors

A Michigan manufacturer of silicon carbide (SiC) wafers, a key component in EV power electronics, just got a big loan from the US Department of Energy to ramp up production.

Dutch automotive conglomerate Stellantis announced the forming of a new joint venture with Hon Hai Technology Group, better known as Foxconn, to develop and scale a family of state-of-the-art semiconductors for next-generation EV platforms. Stellantis and Foxconn will each bring their own expertise to the JV, which should eventually cater to the entire automotive industry.