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Mitsubishi Electric Corporation and Coherent Corp., a globally renowned company in materials, networking, and lasers, have announced that they have signed a memorandum of understanding (MoU) to collaborate on a program to scale manufacturing of SiC power electronics on a 200 mm technology platform.
The market for electric vehicles is expanding worldwide and is just one of several emerging applications driving the exponential growth in SiC power devices, which have lower energy losses, higher operating temperatures, and higher switching speeds compared with power devices based on silicon.
High efficiency of SiC power devices drives decarbonizationThe high efficiency of SiC power devices is expected to be a significant contributor to global decarbonization
The high efficiency of SiC power devices is expected to be a significant contributor to global decarbonization and the green transformation.
To meet the rapidly growing demand, Mitsubishi Electric announced an investment of approximately 260 billion yen in the five-year period ending March 2026.
A major portion of the investment, approximately 100 billion yen, will be used to construct a new plant for SiC power devices, based on a 200 mm technology platform, and enhance related production facilities.
Mitsubishi Electric and Coherent Corp. sign MoUUnder the Memorandum of Understanding (MoU), Coherent will develop a supply of 200 mm n-type 4H SiC substrates for Mitsubishi Electric’s future SiC power devices manufactured at the new facility.
Coherent has decades of experience in the development of SiC materials. The company demonstrated the world’s first 200 mm conductive substrates in 2015. In 2019, Coherent began to supply 200 mm SiC substrates under REACTION, a Horizon 2020 four-year program funded by the European Commission.
Mitsubishi Electric leads the SiC power module marketsMitsubishi Electric made history by launching the world’s first SiC power modules for air conditioners in 2010
Over the years, Mitsubishi Electric has led the SiC power module markets for high-speed trains, high voltage industrial applications, and home appliances.
Mitsubishi Electric made history by launching the world’s first SiC power modules for air conditioners in 2010, and became the first supplier of a full SiC power module for Shinkansen high-speed trains in 2015.
Mitsubishi Electric has also built extensive expertise by serving customers’ needs for high performance and high reliability, through its outstanding techniques of processing and screening, as well as many other facets of developing and manufacturing SiC power modules.
Power electronics based on SiCPower electronics based on SiC have demonstrated their potential to have a highly beneficial impact on the environment via significant reductions in carbon dioxide emissions.
Through the rapidly growing demand for SiC power devices, Coherent and Mitsubishi Electric will accelerate their contribution to sustainable energy consumption and the decarbonization of society.
Mitsubishi Electric and Coherent Corp. partnershipCoherent has been for many years a reliable supplier of high-quality 150 mm SiC wafer substrates to Mitsubishi Electric"
Masayoshi Takemi, Executive Officer, Group President, Semiconductor & Device at Mitsubishi Electric, said “Coherent has been for many years a reliable supplier of high-quality 150 mm SiC wafer substrates to Mitsubishi Electric."
Masayoshi Takemi adds, "We are delighted to enter into this close partnership with Coherent to scale our respective SiC manufacturing platforms to 200 mm.”
Coherent suppliesSiC substrates to Mitsubishi Electric Sohail Khan, Executive Vice President, New Ventures & Wide-Bandgap Electronics Technologies at Coherent, said “We are excited to build on our relationship with Mitsubishi Electric, a pioneer in SiC power devices and a global market leader in SiC power modules for high-speed trains, including the famous Shinkansen in Japan.”
Sohail Khan adds, “We have a long track record of supplying SiC substrates to Mitsubishi Electric and are looking forward to expanding our relationship with them to scale their new 200 mm SiC platform.”
Recent POET appointment
TORONTO, July 08, 2025 -- POET Technologies Inc. ("POET" or the "Company") (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announced the appointment of Sohail Khan as director and member of the Corporate Governance & Nominating Committee. Mr. Khan’s appointment was effective as of Monday, July 7, 2025 and, along with the incumbent five directors of the Company, he will serve until the next annual meeting of shareholders of the Company or until his successor is duly elected or appointed.
Mr. Khan is a seasoned business executive in high technology firms with wide ranging experience, from leading startups to running multi-billion-dollar enterprises. A strong leader with a track record of anticipating and developing new technologies Mr. Khan has extensive M&A experience, having negotiated sale/purchase of multiple companies as CEO and Head of Strategy at Agere Systems. Most recently, Mr. Khan served as Executive Vice President, Wideband Gap Electronics and President of SiC, LLC, divisions of Coherent Corp. He was a member of the Board of Directors of LightPath Technologies for 16 years, Managing Partner of K5 Innovations LLC, and President & CEO of ViXS Systems Inc., a global fabless semiconductor company, and member of the Board of Intersil Corporation. Experienced in Corporate Governance, Mr. Khan has served on the Audit, Compensation and Finance committees of several private and public company boards.
POET’s Chairman & CEO, Dr. Suresh Venkatesan commented: "We are thrilled to have Sohail on our Board of Directors. His broad expertise and leadership will be invaluable as we continue to advance our strategic initiatives and pursue new opportunities for growth in AI and other market segments."
The size of POET’s Board was reduced to five members with the retirement of Chris Tsiofas, Chair of the Audit Committee, who decided not to stand for re-election at the recent Annual and Special Meeting of the Shareholders on June 27, 2025. Dr. Venkatesan commented: "All the members of the Board, and indeed, the entire Company and our shareholders wish to thank Chris for his thirteen years of expert service as Chair of the Audit Committee and his thoughtful guidance as a member of the Board. We wish him all the best in his future endeavors." Following the appointment of Mr. Khan the Board will consist of six members, being Dr. Suresh Venkatesan (Chair), Jean-Louis Malinge (Lead Independent Director), Theresa Lan Ende, Glen Riley, Robert Tirva and Sohail Khan.
RSU Grant
In connection with his appointment to the Board of Directors, Mr. Khan was awarded a total of 21,200 RSUs which will vest on the first anniversary of the grant. Should Mr. Khan resign prior to the first anniversary of the grant, the RSUs will be vested pro-rata based on the time he served as a director from the date of grant to the date of resignation. The number of RSUs granted was based on the allocation of total compensation to equity, using a per share price of CAD$7.70, being the closing price of the Company’s shares on the TSXV on July 4, 2025. The cash portion of each director’s compensation is paid over four quarters. Both are paid in accordance with an established formula for director compensation. The RSUs were granted subject to provisions of the Company’s 2025 Omnibus Incentive Plan and are subject to the TSX Venture Exchange policies and applicable securities laws. |
