Yes Power Technix said on Monday that it will supply 50 billion won worth of silicon carbide (SiC) power management semiconductors to a Taiwan-based company.
The South Korean component maker will supply around 80 million units of the chips by December 2025 to the customer.
Yes Power Technix didn’t name the Taiwan-based company. The customer will use the chips for its own e-bike as well as to a Chinese home appliance firm, which is its shareholder.
Yes Power Technix is the only company in South Korea that manufactures SiC power chips.
A company spokesperson said the latest deal vindicates the quality of its chips and will lead to sales growth.
YEST, Yes Power Technix’s parent company, in February bought 3 billion won worth of existing shares of its subsidiary. Yes Power Technix in January received 26.8 billion won investment from SK Holding, the holding company of SK Group.