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DENSO and Mitsubishi Electric investing $1bn in Coherent’s silicon carbide business
What happened
DENSO and Mitsubishi Electric have agreed to invest a combined $1 billion in Coherent Corp's silicon carbide (SiC) business. This investment is part of Coherent's strategic review and aims to secure long-term supply of SiC materials for the automotive and industrial sectors. 利多: The capital infusion signals strong long-term demand for SiC and may accelerate capacity expansion, but the immediate trading impact on spot prices is indirect and uncertain.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
Silicon Carbide (SiC) SubstratesSiC Power Devices
Coherent CorpDENSO CorpMitsubishi Electric Corp
investmentcapacity-expansionSiCautomotive
Source and time
Source: Semiconductor Today · 10/11/2023 · View original source
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