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UnitedSiC, Analog Devices strike investment agreement
UnitedSiC, a manufacturer of silicon carbide (SiC) power semiconductors, has formed a strategic investment and long-term supply agreement from Analog Devices Inc. (ADI). Terms of the investment and supply agreement were not announced.
In a press release, UnitedSiC President and CEO Chris Dries said, "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." Steve Pietkiewicz, senior VP of Power Products at ADI said, "For the last few years, we have been actively following the development and progress of silicon carbide technology and devices. We found UnitedSiC's FET technology to be ideally suited for ADI's high performance power platforms and our pursuit of additional high voltage applications." UnitedSiC, a fabless company based in Princeton, New Jersey, develops innovative silicon carbide FET and diode power semiconductors. Analog Devices Inc. designs, manufactures and markets analog, mixed-signal and digital signal processing integrated circuits. The company employs approximately 16,000 people worldwide and is headquartered in Louisville, Kentucky.