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Coherent’s silicon carbide business completes $1bn in investments from DENSO and Mitsubishi Electric
What happened
Coherent Corp has closed a $1 billion investment from DENSO and Mitsubishi Electric into its silicon carbide (SiC) semiconductor business. This capital infusion is aimed at scaling SiC wafer and epitaxy production capacity to meet rising demand, particularly from the electric vehicle sector. 利多: This major investment signals strong, long-term confidence in SiC demand and will accelerate future supply, but near-term spot market availability remains tight.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
Silicon Carbide (SiC) WafersSiC Power Semiconductors
Coherent CorpDENSO CorpMitsubishi Electric Corp
capacity-expansioninvestmentpartnershipSiC
Source and time
Source: Semiconductor Today · 12/5/2023 · View original source
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