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Mitsubishi Electric to invest $500 million in Coherent’s Silicon Carbide unit

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Oct. 10, 2023 7:39 AM ETMitsubishi Electric Corporation (MIELY), MIELF, COHRBy: Meghavi Singh, SA News Editor

  • Mitsubishi Electric (OTCPK:MIELY) announces to invest $500 million in Coherent’s (NYSE:COHR) silicon carbide business ((SiC)), which makes wafers used for electric vehicles and other sectors.
  • The move aims to grow its SiC power device business through vertical collaboration with Coherent (COHR), who has been a supplier of SiC substrates to Mitsubishi Electric.

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