- ST to supply Silicon Carbide (SiC) power MOSFETs for
BorgWarner’s Viper power module to support Volvo Cars’ journey
towards being fully electric by 2030
- BorgWarner will use the SiC dice in their traction inverter
platforms for several current and future Volvo Car BEVs
Auburn Hills, Michigan and Geneva, Switzerland – August 31,
2023 - STMicroelectronics (NYSE: STM), a global semiconductor
leader serving customers across the spectrum of electronics
applications, will supply BorgWarner Inc. (NYSE: BWA), a global
leader in delivering innovative and sustainable mobility solutions,
with the latest third generation 750V silicon carbide (SiC) power
MOSFETs dice for their proprietary Viper-based power module. This
power module is used in BorgWarner’s traction inverter platforms
for several current and future Volvo Cars electric vehicles.
“This collaboration will give Volvo Cars the opportunity to
further increase the attractiveness of our electrical vehicles with
longer range and faster charging. It will also support us on our
journey towards being fully electric by 2030 and strengthen our
increased vertical integration and our control of critical
components," says Javier Varela, Chief Operating Officer &
Deputy CEO, Volvo Cars.
“BorgWarner is pleased to partner with ST to supply our
longstanding customer Volvo Cars with inverters for their next
generation of BEV platforms,” says Stefan Demmerle, Vice President
of BorgWarner Inc. and President and General Manager, PowerDrive
Systems.
To fully leverage the performance of ST’s SiC MOSFET dice,
BorgWarner collaborated closely with ST’s technical team to match
their die with BorgWarner’s Viper power switch, thereby maximizing
inverter performance and delivering a compact and cost-effective
architecture. The collaboration between the companies provides the
high-volume capability that is required by the quickly growing EV
market.
“Our collaboration with BorgWarner, a leading global automotive
supplier in electrification, will enable Volvo Cars to offer their
customers superior vehicle performance and range,” says Marco
Monti, President, Automotive and Discrete Group,
STMicroelectronics. “We are committed to expanding SiC capacity and
to reinforcing our SiC supply, including through vertical
integration, as we ramp up volumes to support our global automotive
and industrial customers in their shift to electrification and
higher efficiency.”
ST’s high-volume STPOWER SiC products are manufactured in its
fabs in Italy, and Singapore, with advanced packaging and testing
at its back-end facilities in Morocco and China. In October 2022,
ST announced it would expand its wide bandgap manufacturing
capacity with a new integrated SiC substrate manufacturing facility
in Catania, home to the company’s power semiconductor expertise and
the site of integrated research, development, and manufacturing of
SiC.
About STMicroelectronics At ST, we are over 50,000
creators and makers of semiconductor technologies mastering the
semiconductor supply chain with state-of-the-art manufacturing
facilities. An integrated device manufacturer, we work with more
than 200,000 customers and thousands of partners to design and
build products, solutions, and ecosystems that address their
challenges and opportunities, and the need to support a more
sustainable world. Our technologies enable smarter mobility, more
efficient power and energy management, and the wide-scale
deployment of the Internet of Things and connectivity. We are
committed to achieving our goal to become carbon neutral on scope 1
and 2 and partially scope 3 by 2027. Further information can be
found at www.st.com.
MEDIA RELATIONSAlexis Breton Corporate External
Communications Tel: +33.6.59.16.79.08 alexis.breton@st.com
INVESTOR RELATIONSCéline Berthier Group VP, Investor
Relations Tel: +41.22.929.58.12 celine.berthier@st.com
About BorgWarnerFor more than 130 years, BorgWarner has
been a transformative global product leader bringing successful
mobility innovation to market. Today, we’re accelerating the
world’s transition to eMobility — to help build a cleaner,
healthier, safer future for all.
Forward Looking Statements: This release may contain
forward-looking statements as contemplated by the 1995 Private
Securities Litigation Reform Act that are based on management’s
current outlook, expectations, estimates and projections. Words
such as “anticipates,” “believes,” “continues,” “could,”
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statements of historical fact, contained or incorporated by
reference in this release that we expect or anticipate will or may
occur in the future regarding our financial position, business
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and other such matters, are forward-looking statements. Accounting
estimates, such as those described under the heading “Critical
Accounting Policies and Estimates” in Item 7 of our most recently
filed Annual Report on Form 10-K (“Form 10-K”), are inherently
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assumptions and analyses made by us in light of our experience and
our perception of historical trends, current conditions and
expected future developments, as well as other factors we believe
are appropriate under the circumstances. Forward-looking statements
are not guarantees of performance, and the Company’s actual results
may differ materially from those expressed, projected or implied in
or by the forward-looking statements.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this release.
Forward-looking statements are subject to risks and uncertainties,
many of which are difficult to predict and generally beyond our
control, that could cause actual results to differ materially from
those expressed, projected or implied in or by the forward-looking
statements. These risks and uncertainties, among others, include:
supply disruptions impacting us or our customers, such as the
current shortage of semiconductor chips that has impacted original
equipment manufacturer (“OEM”) customers and their suppliers,
including us; commodity availability and pricing, and an inability
to achieve expected levels of recoverability in commercial
negotiations with customers concerning these costs; competitive
challenges from existing and new competitors including OEM
customers; the challenges associated with rapidly changing
technologies, particularly as relates to electric vehicles, and our
ability to innovate in response; uncertainties regarding the extent
and duration of impacts of matters associated with the COVID
19/coronavirus pandemic, including additional production
disruptions; the difficulty in forecasting demand for electric
vehicles and our electric vehicles revenue growth; potential
disruptions in the global economy caused by Russia’s invasion of
Ukraine; the ability to identify targets and consummate
acquisitions on acceptable terms; failure to realize the expected
benefits of acquisitions on a timely basis; the possibility that
the spin-off transaction will not achieve its intended benefits;
the failure to promptly and effectively integrate acquired
businesses; the potential for unknown or inestimable liabilities
relating to the acquired businesses; our dependence on automotive
and truck production, both of which are highly cyclical and subject
to disruptions; our reliance on major OEM customers; fluctuations
in interest rates and foreign currency exchange rates; our
dependence on information systems; the uncertainty of the global
economic environment; the outcome of existing or any future legal
proceedings, including litigation with respect to various claims,
or governmental investigations, including related litigation;
future changes in laws and regulations, including, by way of
example, taxes and tariffs, in the countries in which we operate;
impacts from any potential future acquisition or disposition
transactions; and the other risks noted in reports that we file
with the Securities and Exchange Commission, including Item 1A,
“Risk Factors” in our most recently filed Form 10-K and/or
Quarterly Report on Form 10-Q. We do not undertake any obligation
to update or announce publicly any updates to or revisions to any
of the forward-looking statements in this release to reflect any
change in our expectations or any change in events, conditions,
circumstances, or assumptions underlying the statements.
PR contact:Michelle CollinsPhone: +1 248-754-0449Email:
mediacontact@borgwarner.com
IR contact:Patrick NolanPhone: +1 248-754-0884Email:
ir@borgwarner.com
- T4567I --Aug 31 2023 -- BorgWarner integrates ST SiC in Volvo
cars_FINAL FOR PUBLICATION.doc
- T4567I --Aug 31 2023 -- BorgWarner integrates ST SiC in Volvo
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