Mitsubishi Electric injects $500 million in SiC power device spin-off from Coherent
TOKYO: Mitsubishi Electric Corporation (TOKYO: 6503) announced a USD 500 million (approx. 75 billion yen) investment in a new SiC power device business that will be spun off from Coherent Corp. (NYSE: COHR), its SiC substrate supplier. The aim is to grow its SiC power device business by enhancing its vertical integration with Coherent. SiC…