Ideal Power qualifies second wafer fabrication supplier, bolstering production capacity
Ideal Power Inc (NASDAQ:IPWR) has successfully qualified its second wafer fabrication supplier with high-volume production capabilities. The European facility enables dual sourcing for wafer fabrication, ensuring ample capacity to meet anticipated customer demand over the next two to three years and support future revenue growth, the technology company said in a statement.
Ideal Power Successfully Completes Qualification of Its Second High-Volume Wafer Fabrication Supplier
AUSTIN, TX / ACCESSWIRE / June 5, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announces the successful completion of its qualification of the Company's second wafer fabrication supplier with high-volume production capability. This facility in Europe adds dual sourcing for wafer fabrication and will support future revenue growth, providing ample capacity to support anticipated customer demand over at least the next two to three years.
Ideal Power helps shape the future of electrification with its semiconductor technology
Companies are accelerating their shift towards electrification with a comprehensive strategy aimed at industrial and automotive applications. Take Stellantis, for instance, the owner of iconic brands like Dodge, Fiat and Jeep.
Ideal Power helps shape the future of electrification with its semiconductor technology
Companies are accelerating their shift towards electrification with a comprehensive strategy aimed at industrial and automotive applications. Take Stellantis, for instance, the owner of iconic brands like Dodge, Fiat and Jeep.
