Littelfuse, a company which is well-known in the fuse and such protection device market, has made an incremental $15 million investment in Monolith Semiconductor. Monolith Semiconductor is a new semiconductor company, specifically focusing on reducing the cost of manufacturing of Silicon Carbide (SiC) semiconductor devices. Silicon carbide technology is gaining importance due to the power, speed, efficiency, size performance advantages they offer over silicon semiconductor devices in power electronics applications. More than the technology, the cost is becoming issue in silicon carbide market. The researchers are trying to reduce the manufacturing cost of SiC devices.
"We are pleased to expand our partnership with Monolith's experienced team of silicon carbide and power semiconductor experts," said Ian Highley, senior vice president and general manager, semiconductor products and chief technology officer for Littelfuse. "With the increasing needs to make power electronic devices that will be stronger and more efficient, we are excited about the opportunities this game-changing technology provides."
"Littelfuse has been a great partner with us as we move closer to the commercialization of our technology," said Sujit Banerjee, PhD, CEO of Monolith Semiconductor. "We are working closely with Littelfuse to position our combined portfolios to develop innovative solutions for our customers."
With this hike in investment Littelfuse owns majority of Monolith and said it will begin including Monolith in its operating financial results.