DENSO announces a Strategic Minority Investment in Silicon Carbide LLC, Coherent’s SiC Business

KARIYA (Japan) ― DENSO CORPORATION, a leading mobility supplier, announced a minority investment of US$500 million (approximately JPY 74.5 billion*) in Silicon Carbide LLC, Coherent Corp.’s silicon carbide (SiC) business, which will be separated into an independent subsidiary. Silicon Carbide LLC, which was originally established by Coherent in April 2023, manufactures SiC wafers. This investment will ensure a long-term stable procurement of SiC wafers to enhance the competitiveness of our electrification components. With this equity investment, DENSO will hold 12.5% equity stake in Silicon Carbide LLC.