Coherent shares are trading higher after the company and Mitsubishi Electric announced they have signed a memorandum of understanding to collaborate on a program to scale manufacturing of SiC power electronics on a 200 mm technology platform.
Portfolio Pulse from Benzinga Newsdesk
Coherent and Mitsubishi Electric have signed a memorandum of understanding to collaborate on scaling manufacturing of SiC power electronics on a 200 mm technology platform.
May 26, 2023 | 1:43 pm
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Coherent's stock is trading higher after announcing a collaboration with Mitsubishi Electric to scale SiC power electronics manufacturing.
The collaboration with Mitsubishi Electric to scale SiC power electronics manufacturing is a positive development for Coherent, as it can lead to increased production capacity and potential growth in the market. This news is directly related to Coherent's business and is likely to have a positive impact on its stock price in the short term.
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