DENSO, a leading mobility supplier, today announced that CADIA has recognized Christina Khim as Runner Up of the 2023 CADIA Impact Awards in the category of Systemic Change, Individual. Khim is an advanced human resources (HR) business partner at DENSO's thermal manufacturing facility in Battle Creek, Michigan, who works tirelessly to bridge cultural divides and support employees of diverse backgrounds.
Denso and Mitsubishi Electric will invest $500 million each in exchange for a 12.5% non-controlling ownership interest in Coherent's unit, as per the agreement. 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.
Coherent: The agreement is in line with the company s plans to invest USD 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.