Infineon strengthens multi-sourcing strategy in new supplier agreement with SK Siltron CSS for silicon carbide (SiC) wafers

Munich, Germany – 10 January 2024 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a global leader in semiconductor technology specializing in power systems and IoT, has formalized an agreement with silicon carbide (SiC) supplier SK Siltron CSS.

Under the agreement, SK Siltron CSS will provide Infineon with competitive and high-quality 150-millimeter SiC wafers, supporting the production of SiC semiconductors. In a subsequent phase, SK Siltron CSS will play an important role in assisting Infineon's transition to a 200-millimeter wafer diameter.

"For Infineon, supply chain resiliency is about implementing a multi-supplier strategy and thriving in times of adversity to create new growth opportunities and drive decarbonization," said Angelique van der Burg, Chief Procurement Officer at Infineon. "We are excited to partner with SK Siltron CSS to serve the growing SiC demand of our broad customer base with new energy-efficient and top-quality products, matching the highest standards in the SiC market."

"With decades of experience in silicon carbide materials and manufacturing, we bring unparalleled knowledge to our sustainably manufactured compound semiconductor solutions. This wealth of experience is a cornerstone in our partnership with Infineon," said Jianwei Dong, Ph.D., CEO of SK Siltron CSS. "This long-term supply agreement marks the synergy of our extensive expertise and Infineon's vision to make life easier, safer and greener for generations to come."

About SK Siltron CSS

SK Siltron CSS partners with global semiconductor manufacturers by supplying leading-edge compound semiconductor wafer solutions. A subsidiary of South Korea-based SK Siltron, a part of the SK Group, SK Siltron CSS is able to leverage the global resources available within the SK Group to achieve its vision of transforming the world through sustainable compound semiconductor solutions.

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 58,600 employees worldwide and generated revenue of about €16.3 billion in the 2023 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

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