UnitedSiC Announces Strategic Investment by Analog Devices
Analog Devices, Inc. (ADI)
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Source: PR Newswire
PRINCETON, New Jersey and NORWOOD, Massachusetts, March 18, 2019 /PRNewswire/ -- UnitedSiC, a manufacturer of silicon carbide (SiC) power semiconductors, today announced a strategic investment and long-term supply agreement from Analog Devices, Inc. (ADI). Terms of the investment and supply agreement were not announced. "From our first meeting with the ADI Power team, they instantly understood the value of our SiC technology and the ease with which the devices could be scaled and utilized in their power platforms. This is a terrific time to bring such a high caliber leader like ADI on as a shareholder," said Chris Dries, President and CEO at UnitedSiC.UnitedSiC and ADI have been collaborating on SiC-based products and devices for more than two years. As wide bandgap power devices, and SiC in particular, become more mainstream and cost effective, the inclusion of these devices should further strengthen ADI's analog power portfolio. Steve Pietkiewicz, Senior VP of Power Products at A
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