Coherent and Mitsubishi Electric Enter Into a Collaboration to Scale Manufacturing of SiC Power Electronics on a 200 mm Technology Platform
Coherent Corp. (COHR)
Last coherent corp. earnings: 2/5 04:05 pm
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Source: GlobeNewswire
PITTSBURGH and TOKYO, May 26, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, and Mitsubishi Electric Corporation (TOKYO: 6503) today announced that they have signed a memorandum of understanding (MOU) to collaborate on a program to scale manufacturing of SiC power electronics on a 200 mm technology platform. The market for electric vehicles is expanding worldwide and is just one of several emerging applications driving the exponential growth in SiC power devices, which have lower energy losses, higher operating temperatures, and higher switching speeds compared with power devices based on silicon. The high efficiency of SiC power devices is expected to be a significant contributor to global decarbonization and the green transformation. To meet the rapidly growing demand, Mitsubishi Electric announced an investment of approximately 260 billion yen in the five-year period ending March 2026. A major portion of the investmen
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COHR
Earnings
- 2/5/24 - Beat
COHR
Sec Filings
- 4/15/24 - Form 4
- 4/15/24 - Form 144
- 4/3/24 - Form 8-K
- COHR's page on the SEC website