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Coherent completes its previously announced strategic review of its silicon carbide business and plans to operate the business as an independent subsidiary
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DENSO and Mitsubishi Electric will each invest $500 million for a 12.5% non-controlling interest in the silicon carbide business
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Coherent to enter into long-term supply agreements with DENSO and Mitsubishi Electric to support their 150 mm and 200 mm substrate and epitaxial wafer demand
$Coherent(COHR)$