# 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.

- Type: Investment
- Announced: 2023-10-11
- Where: United States
- Value: $1.00B
- Status: announced
- Products: silicon carbide substrates, epitaxial wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Coherent](https://endata.com/companies/32127.md)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (investor)
- [DENSO](https://endata.com/companies/2901.md) (investor)

## Sources

- [trendforce.com](https://www.trendforce.com/news/2023/10/11/news-coherents-sic-semiconductor-unit-secures-1b-from-denso-mitsubishi-electric/), 2023-10-11: "DENSO Corporation and Mitsubishi Electric Corporation have agreed to invest an aggregate $1 billion in its silicon carbide business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.