Coherent's silicon carbide semiconductor business to receive $1 billion in investments from denso and mitsubishi electric

Pittsburgh, oct. 10, 2023 (globe newswire) -- coherent corp. (nyse: cohr), a global leader in materials, networking, and lasers, today announced that denso corporation and mitsubishi electric corporation have agreed to invest an aggregate $1 billion in its silicon carbide business (the “business”). the transaction results from the strategic review process announced in may 2023 for the business.
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