Denso and Mitsubishi Electric invest $1B in Coherent's SiC semiconductor unit

DENSO Corporation and Mitsubishi Electric Corporation agreed to invest an aggregate $1 billion in Coherent's silicon carbide business, with each investing $500 million for a 12.5% non-controlling ownership interest. The business will enter into long-term supply arrangements for 150 mm and 200 mm SiC substrates and epitaxial wafers.

“DENSO Corporation and Mitsubishi Electric Corporation have agreed to invest an aggregate $1 billion in its silicon carbide business.”trendforce.com

• 1 source
• trendforce.com[News] Coherent’s SiC Semiconductor Unit Secures $1B from Denso & Mitsubishi ElectricOct 11, 2023

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