Denso invests in SiC substrate manufacturer to ensure long-term stable procurement

In October 2023, Denso announced a $500 million investment in Silicon Carbide LLC, a subsidiary of Coherent, a SiC substrate manufacturer, to acquire a 12.5% ​​stake in the company. The move is intended to ensure long-term stable procurement of 6-inch and 8-inch SiC substrates. At the same time, Denso and Mitsubishi Electric have signed long-term supply agreements with Coherent, investing $500 million each to acquire 12.5% ​​non-controlling ownership of the newly established SiC subsidiary.