DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Toru Hanai - 1 Denso - 1 Takemi - 1 Priyamvada - 1 Sherry Jacob - 1 Phillips - 1 Chips - 1 Milana Vinn - 1
Top related locs:
U.S Pittsburgh , Pennsylvania JAPAN Chiba Japan Bengaluru China New York
Top related orgs:
Mitsubishi Electric Corp - 2 Hitachi Ltd - 2 Sumitomo Electric Industries Inc - 2 Thomson - 2 Advanced Technologies - 1 Makuhari - 1 REUTERS - 1 Mitsubishi Electric - 1

Search resuls for: "Sumitomo Electric Industries Inc"


2 mentions found


☆ Japan's Denso, Mitsubishi Electric to invest $1 bln in Coherent's silicon carbide unit
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +2 min
A logo of Mitsubishi Electric Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo Acquire Licensing RightsOct 10 (Reuters) - Coherent (COHR.N), a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan's Denso (6902.T) and Mitsubishi Electric (6503.T) will invest $1 billion in the company's silicon carbide business. Denso and Mitsubishi Electric will invest $500 million each in exchange for a 12.5% non-controlling ownership interest in Coherent's unit, as per the agreement. The investment would alleviate the financial burden for Coherent, which had explored strategic review of its silicon carbide business in May. Chips made with silicon carbide are used in applications that require massive quantity of power conversion such as inverters and drivetrains in electric vehicles.
Persons: Toru Hanai, Denso, Takemi, Priyamvada, Sherry Jacob, Phillips Organizations: Mitsubishi Electric Corp, Advanced Technologies, Makuhari, REUTERS, Mitsubishi Electric, Mitsubishi, Reuters, Hitachi Ltd, Sumitomo Electric Industries Inc, Thomson Locations: JAPAN, Chiba, Japan, U.S, Pittsburgh , Pennsylvania, Bengaluru
☆ Coherent in talks with Japanese firms for silicon carbide investment-source
  + stars: | 2023-09-22 | by ( Milana Vinn | Thomson Reuters | Milana Vinn Reports On Technology | ) www.reuters.com   time to read: +2 min
The investment would alleviate the financial burden for Coherent, which has said it will invest $1 billion over the next 10 years to expand its production of silicon carbide wafers, which help boost the range of electric vehicles more than chips made with traditional silicon. Denso Corp (6902.T), Hitachi Ltd (6501.T), Mitsubishi Electric Corp (6503.T) and Sumitomo Electric Industries Inc (5802.T) have held discussions about taking a minority stake in Coherent's silicon carbide business, the source said. Coherent may accept more than one of these companies as investors in the silicon carbide division at a valuation of between $4 billion and $5 billion, the source added, requesting anonymity because the matter is confidential. Coherent, which said in May it would explore options for its silicon carbide business, declined to comment. Chips made with silicon carbide are used in applications that require huge amounts of power conversion, such as inverters and drivetrains in electric vehicles.
Persons: Chips, Milana Vinn, Andrea Ricci Organizations: Denso Corp, Hitachi Ltd, Mitsubishi Electric Corp, Sumitomo Electric Industries Inc, Thomson Locations: U.S, Pittsburgh , Pennsylvania, China, New York
0 next >>
Total: 2