CHICAGO â€“ As part of the companyâ€™s strategy to move more significantly into power semiconductors for industrial and automotive markets, Littelfuse has made an investment in Monolith Semiconductor, Inc., a start-up company developing silicon carbide technology. Silicon carbide is a rapidly emerging semiconductor material that enables power devices to operate at higher switching frequencies and temperatures versus conventional silicon. This allows inverters and other energy conversion systems to be built with significantly improved power density, energy efficiency and cost.
â€śInvesting in and partnering with Monolithâ€™s experienced team of silicon carbide and power semiconductor experts allows us to quickly evolve our portfolio with strategically relevant and innovative technology,â€ť said Ian Highley, Littelfuse Senior VP and GM, Semiconductor Products, and CTO. â€śSilicon carbide power technology is among the most promising advancements in the semiconductor market today. It will be an important tool in helping us solve complex problems for our customers.â€ť
â€śForming this strategic partnership with Littelfuse accelerates development and helps bring silicon carbide technology to the market,â€ť said Sujit Banerjee, PhD, CEO of Monolith Semiconductor. â€śLittelfuse is an ideal partner for us. We are excited to dramatically increase our customer reach, gain access to global channels, and benefit from their sales and marketing depth and expertise.â€ť
Initially this is not a material investment for Littelfuse; however, the company has committed to add to its investment once Monolith has achieved certain milestones. This investment is not expected to have any material financial impact on Littelfuse in 2015 or 2016.
Founded in 1927, Littelfuse is the world leader in circuit protection with growing global platforms in power control and sensing. The company serves customers in the electronics, automotive and industrial markets with technologies including fuses, semiconductors, polymers, ceramics, relays and sensors. Littelfuse has over 8,000 employees in more than 35 locations throughout the Americas, Europe and Asia. For more information, please visit the Littelfuse website: littelfuse.com.
About Monolith Semiconductor
Monolith Semiconductor Inc., a Round Rock, Texas-based startup company, is focused on improving the affordability and reliability of SiC power devices by utilizing advanced manufacturing techniques and high-performance processes and designs. For more information, please visit the Monolith Semiconductor website: monolithsemi.com.
8755 West Higgins Road
Chicago, IL 60631
CONTACT: Ian Highley,
Senior VP and GM, Semiconductor Products, and CTO (773) 628-1000