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Mitsubishi Electric, Denso invest USD 1 billion in Coherent's new SiC business

On October 10, Mitsubishi Electric and Denso both announced an agreement with U.S.-based Coherent Corp. to each invest USD 500 million (JPY 75 billion) in a new silicon carbide (SiC) subsidiary business to be carved out from Coherent, Silicon Carbide LLC, which was originally established by Coherent in April 2023.
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