---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-253029"
form_type: "8-K"
ticker: "COHR"
cik: "0000820318"
company_name: "COHERENT CORP."
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T03:04:41.422196+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Coherent's SiC unit gets $1B investment from Denso & Mitsubishi Electric; FY Q1 revenue outlook revised to ~$1.05B

## Summary
- Denso and Mitsubishi Electric each invest $500M for a 12.5% non-controlling stake in Coherent's silicon carbide subsidiary; Coherent retains 75%.
- Deal expected to close in Q1 2024; subsidiary will supply 150mm and 200mm SiC substrates under long-term agreements.
- Coherent revises Q1 FY2024 revenue guidance to $1,050M–$1,055M from prior $1,000M–$1,100M range.
- Investment will fund capacity expansion; Coherent aims to capture SiC TAM expected to grow from $3B in 2022 to $21B by 2030.

## SEC filing metadata
- accession: 0001193125-23-253029
- form_type: 8-K
- ticker: COHR
- cik: 0000820318
- company_name: COHERENT CORP.
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/820318/000119312523253029/0001193125-23-253029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/820318/000119312523253029/d561787d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-253029
- JSON: https://secwatch.observer/filing/0001193125-23-253029.json
- Plain text: https://secwatch.observer/filing/0001193125-23-253029.txt

## Key facts
- Material Agreements
  COHERENT CORP. entered into Denso Investment Agreement with Denso Corporation valued at $500,000,000 (effective 2023-10-10).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Denso Corporation
  - Value: $500,000,000
  - Effective: 2023-10-10
  source text: On October 10, 2023, Silicon Carbide LLC (“Silicon Carbide”), a wholly owned subsidiary of Coherent Corp. (the “Company”), entered into (i) an investment agreement (the “Denso Investment Agreement”), dated as of October 10, 2023, with Denso Corporation (“Denso”), pursuant to which, subject to the terms and conditions set forth therein, Silicon Carbide has agreed to issue and sell to Denso 16,666,667 Class A Common Units of Silicon Carbide (the “Common Units”) for an aggregate purchase price of $500,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/820318/000119312523253029/0001193125-23-253029-index.htm
- Material Agreements
  COHERENT CORP. entered into MELCO Investment Agreement with Mitsubishi Electric Corporation valued at $500,000,000 (effective 2023-10-10).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Mitsubishi Electric Corporation
  - Value: $500,000,000
  - Effective: 2023-10-10
  source text: (ii) an investment agreement (the “MELCO Investment Agreement”, and together with the Denso Investment Agreement, the “Investment Agreements”), dated as of October 10, 2023, with Mitsubishi Electric Corporation (“MELCO”), pursuant to which, subject to the terms and conditions set forth therein, Silicon Carbide has agreed to issue and sell to MELCO 16,666,667 Common Units for an aggregate purchase price of $500,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/820318/000119312523253029/0001193125-23-253029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.