Norstel AB

Based in Sweden, Norstel AB specializes in the development of advanced silicon carbide (SiC) materials and technologies, enhancing semiconductor performance across various applications. Norstel AB, founded in 2005 in Norrkoping, Sweden, specializes in silicon carbide materials for semiconductor applications. In February 2019, a significant milestone occurred when STMicroelectronics International N. V.

acquired 55 percent of Norstel's shares for approximately USD 137. 5 million, completing the transaction in December 2019. The company has executed a total of 4 deals since its inception, with the latest deal occurring on February 6, 2019. Sten-Göran Mildh serves as CEO, leading the firm in its innovative endeavors.

Norstel AB specializes in innovative technology solutions for the semiconductor industry, focusing on advanced silicon carbide (SiC) substrates and epitaxial layers. Their products facilitate improved energy efficiency and performance in power electronics, supporting applications in electric vehicles, renewable energy, and industrial automation. The company caters to a diverse clientele including leading semiconductor manufacturers and enterprises in the automotive and energy sectors, aiming to tackle issues related to efficiency and high-performance requirements. Norstel AB follows a revenue model based on contracts and sales of silicon carbide materials, which are integral to various power electronics applications.

Their pricing strategies reflect the high value of these materials in enhancing performance and efficiency, ensuring long-term partnerships with clients in the semiconductor sector. Revenue is generated through both direct sales and collaborations with major industry players, leveraging their expertise in silicon carbide technology. Norstel AB aims to expand its product offerings by developing new silicon carbide material solutions, with plans for product launches set for late 2021. The company is also targeting growth in key markets such as North America and Asia, with a focus on increasing its market share in these regions by 2023.

The recent funding from the acquisition by STMicroelectronics International N. V. is expected to support these initiatives, enabling further research and development to enhance their product capabilities.