NS child killer Penny Boudreau and the path to eventual release | SaltWire - Coherent, a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan's Denso and Mitsubishi Electric will invest $1 billion in the company's silicon carbide business.
Coherent, which makes lasers and switches for circuits, has a market value of $4.69 billion and carries $4.4 billion in total debt as of fiscal 2023, according to LSEG data. The agreement is in line with the company's plans to 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.
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