Reports of a likely ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/bankruptcy-filing” target=”_blank”>bankruptcy filing by US-based silicon carbide (SiC) wafer maker ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/wolfspeed” target=”_blank”>Wolfspeed are sending shockwaves through the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/global-semiconductor-industry” target=”_blank”>global semiconductor industry and could impact Murugappa group-owned ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/cg-power-and-industrial-solutions-ltd/stocks/companyid-13866.cms”>CG Power‘s upcoming outsourced semiconductor assembly and test facility ( ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/osat” target=”_blank”>OSAT) in Sanand, experts told ET.
Japan’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/renesas-electronics” target=”_blank”>Renesas Electronics, CG Power’s partner for the project, has a long-term $2-billion SiC wafer supply agreement with Wolfspeed, which is now reportedly on the brink of default.
Since Renesas has already made advance payments under the contract,…
