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Technology Stocks : Wolf speed

WOLF 23.76

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9:30 AM EST

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From: EvanG	7/21/2022 11:07:15 PM
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Chinese SiC substrate supplier signed a $200 million 3 year supply agreement gelonghui.com Tianyue Advanced (688234.SH): Signed a sales agreement with a customer for 1.393 billion 6-inch conductive silicon carbide substrate products Gelonghui July 21?Tianyue Advanced (688234.SH) announced that according to the company's strategic planning and business development needs, the company recently signed a long-term agreement with a customer, stipulating that the company and Shanghai Tianyue will cooperate from 2023 to 2025. Yue sells 6-inch conductive silicon carbide substrate products to the contract counterparty. According to the annual benchmark unit price agreed in the contract (the USD/RMB exchange rate is converted at 6.7), the total sales amount for three years including tax is estimated to be RMB 1.393 billion.

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