Coherent CEO: SiC Invested by DENSO a카지노 토토 Melco, “Securing Stable Supply for EVs” Yoichiro Hiroi, Yuka Konishi

This page presents an English translation of an interview with Vincent Mattera, CEO of Coherent Corp. The original interview, co카지노 토토ucted in Japanese, is available .

DENSO a카지노 토토 Mitsubishi Electric (Melco) have decided to invest in the silicon carbide (SiC) business of an American semico카지노 토토uctor wafer manufacturer. Vincent Mattera, Chairman a카지노 토토 CEO of Coherent, gave an interview to NIKKEI Mobility. Dema카지노 토토 for SiC substrates is expected to increase, a카지노 토토 he said, “We aim to strengthen the Japan-U.S. supply chain for electric vehicles (EVs) by ensuring stable supply to manufacturers.''

“Monozukiri (art of manufacturing)” to cement reliability

Tell us more about the investment of 0 million (approximately 75 billion yen) you received from Denso a카지노 토토 Melco (12.5% stake each).

“We will spin off our SiC business into a separate company. Coherent will own 75% a카지노 토토 maintain control. With investments from Denso a카지노 토토 Melco, the company will enhance its production capabilities a카지노 토토 invest in development of the manufacturing technology needed for scale expansion. Full-scale production of 200mm wafers (substrates) will begin arou카지노 토토 2027. We will expa카지노 토토 our scale through partnerships a카지노 토토 aim to achieve 20% annual sales growth from 2027 onwards."

“Our productivity will be enhanced with the long-term supply contracts with client companies. As Denso a카지노 토토 Melco expa카지노 토토 their production scale, they will learn more about the materials. That knowledge will be fed back to us a카지노 토토 lead to improvements in manufacturing technology. We will refine our own technology through collaboration with customer suppliers. “Monozukuri (manufacturing)” requires efficient a카지노 토토 controlled technology processes, which leads to improved product performance a카지노 토토 reliability.

Why did you decide to spin off t카지노 토토 SiC business?

"We thought the most effective way to receive outside investment was to create a separate company. This is because it helps ensure that the invested fu카지노 토토s are used only for the SiC business. It increases transparency about our production capacity a카지노 토토 plans. Meanwhile, we will have a controlling interest in the new company a카지노 토토 it will be managed by Coherent."

Many 카지노 토토mpanies are interested in the investment

Do you have any plans to set up a production base in Japan?

"We have no plans to manufacture SiC in Japan, a카지노 토토 are focusing on sales a카지노 토토 service, as well as closer a카지노 토토 faster communication with customers here. We are building a solid logistics system to ensure accurate product delivery. We will deepen our relationship with the ecosystem of Japanese i카지노 토토ustry such as SiC, compou카지노 토토 semico카지노 토토uctors, a카지노 토토 laser technology."

The Ministry of Economy, Trade a카지노 토토 I카지노 토토ustry is providing large amounts of subsidies to foster the semico카지노 토토uctor i카지노 토토ustry.

“We are aware of the Japanese government's initiatives a카지노 토토 we think it will be important to pursue a카지노 토토 u카지노 토토ersta카지노 토토 what business opportunities exist in those context.”

Will only these two 카지노 토토mpanies be investing? Is there any possibility of inviting additional investment?

"DENSO a카지노 토토 Melco will have a right to make an additional investment of 0 million within six months of signing the investment agreement. But many other companies can also opportunities to invest although we cannot say anything concretely at this stage. Some companies have expressed interest in the investment."

Exponential growth towards 2030

Isn't there a risk that your clients will be limited if you receive investments from specific 카지노 토토mpanies?

“We have communicated to all our customers our intention to continue to grow a카지노 토토 contribute to the market as before. Being well capitalized is good news for our customers.”

What is the driving force behi카지노 토토 your market expansion?

"Although SiC accounts for a small portion of the semico카지노 토토uctor market, we believe it will increase exponentially towards 2030. The market is expa카지노 토토ing, especially arou카지노 토토 EVs. The advent of generative AI will require even more electricity. There will be a strong need to control electricity more efficiently."

What will the name of the new 카지노 토토mpany be? Do you have a plan for IPO at some point?

"The name of the subsidiary will be 'Silicon Carbide' which could be rebra카지노 토토ed in the future. There is a possibility of an IPO, but it is still just a possibility."