ON Semiconductor to equip BMW electric drivetrains under new supply agreement
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ON Semiconductor (NASDAQ:ON) on Monday announced a long-term supply agreement with German carmaker BMW for one of its power module technologies.
The agreement is forÂ ON's EliteSiC technology for use in BMW's electric drivetrains for 400 V DC Bus.
"onsemi's latest EliteSiC 750 V M3 die is used in a full bridge power module delivering several hundred kWs of power," the company said in a statement.
ON stock was marginallyÂ up by 0.4%Â to $77.71 after hours.