'Coherent In Talks With Japanese Firms For Silicon Carbide Investment' - Reuters News
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Coherent Corp, a major U.S. supplier of materials for the automotive industry, is in talks with four Japanese companies - Denso Corp, Hitachi Ltd, Mitsubishi Electric Corp, and Sumitomo Electric Industries Inc - for an investment in its silicon carbide business. The investment, valued at up to $5 billion, would help Coherent expand its production of silicon carbide wafers, which are used in electric vehicles. No deal is certain yet.
September 22, 2023 | 5:08 pm
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Coherent Corp is in talks with four Japanese companies for an investment in its silicon carbide business. The investment could alleviate the financial burden for Coherent, which plans to invest $1 billion over the next 10 years to expand its production.
The potential investment in Coherent's silicon carbide business could significantly ease the company's financial burden, as it plans to invest $1 billion over the next 10 years to expand its production. This could potentially boost the company's stock in the short term.
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