TOKYO -- Mitsubishi Electric and auto parts supplier Denso will together acquire 25% of U.S. materials maker Coherent's silicon carbide (SiC) business for $1 billion under an agreement announced Tuesday, aiming to secure a stable supply of the semiconductor material.
The Japanese companies will each invest $500 million for a 12.5% stake in the business, which Coherent will carve out and operate as a subsidiary.
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
