US silicon carbide wafers just got a big boost – here’s why it matters for EVs
Photo: SK Siltron CSS
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.
SK Siltron CSS announced today that it has secured a conditional loan from the US Department of Energy (DOE) for up to $544 million. The loan will come from the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program administered by the DOE’s Loan Programs Office.
The loan, which is part…