---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-288416"
form_type: "8-K"
ticker: "COHR"
cik: "0000820318"
company_name: "COHERENT CORP."
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T19:05:14.040821+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Coherent closes $1B sale of 25% stake in silicon carbide business to DENSO and Mitsubishi Electric

## Summary
- DENSO and Mitsubishi Electric each invested $500M for a 12.5% non-controlling interest; Coherent retains 75%.
- Long-term supply agreements signed for 150mm and 200mm SiC substrates and epitaxial wafers.
- Business will fund future capex and opex from the investment; Coherent gains free cash flow flexibility.
- SiC TAM expected to grow from $3B in 2022 to $21B in 2030, representing 28% CAGR.
- Sohail Khan continues to lead the business; Coherent retains control and operation.

## SEC filing metadata
- accession: 0001193125-23-288416
- form_type: 8-K
- ticker: COHR
- cik: 0000820318
- company_name: COHERENT CORP.
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/820318/000119312523288416/0001193125-23-288416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/820318/000119312523288416/d613403d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-288416
- JSON: https://secwatch.observer/filing/0001193125-23-288416.json
- Plain text: https://secwatch.observer/filing/0001193125-23-288416.txt

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