II-VI Incorporated Licenses Technology for Silicon Carbide Devices and Modules for Power Electronics
June 29 2020 - 4:01PM
II‐VI Incorporated (Nasdaq: IIVI), a leader in compound
semiconductors, today announced that it signed an agreement with
General Electric (NYSE: GE) to license technology to manufacture
silicon carbide (SiC) devices and modules for power
electronics.
The rapid growth in electric vehicles, renewable energy,
microgrids, and power supplies for data storage and communications
is driving the strong demand for SiC-based power electronics. SiC
achieves superior efficiency, higher energy density, and lower
system-level cost per watt compared with state-of-the-art
silicon-based devices. Power electronics based on SiC have
demonstrated their potential to have a highly beneficial impact on
the environment via significant reductions in carbon dioxide
emissions and energy consumption.
“We believe that SiC-based power electronics materials and
components will become increasingly deployed in electrification
systems including, for example, in electric vehicles, industrial
infrastructure, and large datacenters, and so we continue to invest
to position II-VI in strategic points of the evolving supply chains
to enable key customers,” said Dr. Vincent D. Mattera, Jr., Chief
Executive Officer, II-VI Incorporated. “As such, we intend to
remain focused on executing our recently announced plan to scale
our capacity of 150 mm SiC materials by 5-10x while scaling volume
production of a differentiated 200 mm materials technology to meet
the anticipated growing demand over the next five years.”
“We’re excited to enter into this agreement with II-VI, which
positions II-VI well to capitalize on the growing market demand for
SiC-based electronics,” said Joe Krisciunas, President of GE
Aviation Electrical Power Systems. “At the same time, it will
broaden GE’s commercial reach beyond the industry sectors we
already serve with SiC technology.”
GE and its industrial businesses, led by Aviation, continue to
aggressively develop next-generation silicon carbide for new
applications. The business offers electrical power products with
power levels from kilowatts to megawatts for harsh environments in
aerospace, industrial, and military applications.
About II-VI Incorporated
II-VI Incorporated, a global leader in engineered materials and
optoelectronic components, is a vertically integrated manufacturing
company that develops innovative products for diversified
applications in communications, materials processing, aerospace
& defense, semiconductor capital equipment, life sciences,
consumer electronics, and automotive markets. Headquartered in
Saxonburg, Pennsylvania, the Company has research and development,
manufacturing, sales, service, and distribution facilities
worldwide. The Company produces a wide variety of
application-specific photonic and electronic materials and
components, and deploys them in various forms, including integrated
with advanced software to support our customers. For more
information, please visit us at www.ii-vi.com.
CONTACT: |
Mark Lourie |
|
Vice President, Corporate Communications |
|
corporate.communications@ii-vi.com |
|
www.ii-vi.com/contact-us |
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