II-VI Incorporated Closes $100 Million Contract to Supply Tianyu with Silicon Carbide Substrates for Power Electronics

PITTSBURGH, Aug. 17, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a leader in wide-bandgap compound semiconductors, today announced that it closed an over $100 million contract to supply Dongguan Tianyu Semiconductor Technology Co., Ltd., with 150 mm silicon carbide substrates to be delivered beginning this quarter and through the end of calendar year 2023.

Read more at globenewswire.com