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Mitsubishi Electric to Construct New Wafer Plant to Boost SiC Power Semiconductor Business
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Mitsubishi Electric Corporation has announced it will double its investment plan to approximately 260 billion yen through March 2026. This investment primarily focuses on constructing a new wafer plant to enhance the production of silicon carbide (SiC) power semiconductors, which are in high demand for electric vehicles and energy-efficient applications.
Approximately 100 billion yen will be allocated for the new 8-inch SiC wafer plant in Kumamoto Prefecture, while 10 billion yen will consolidate operations for power semiconductor assembly in the Fukuoka area.
Positive
Doubling investment plan to approximately 260 billion yen indicates strong growth strategy.
Investment focuses on expanding silicon carbide (SiC) production for electric vehicles and energy-efficient applications.
New 8-inch SiC wafer plant will enhance production capabilities and meet rising market demand.
Negative
None.
Will double previous 5-year investment plan to some 260 billion yen through March 2026.
TOKYO--(BUSINESS WIRE)--
Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will double a previously announced its investment plan to approximately 260 billion yen in the five-year period to March 2026 mainly for constructing a new wafer plant to increase production of silicon carbide (SiC) power semiconductors. Under the plan, Mitsubishi Electric expects to respond to rapidly increasing demand for SiC power semiconductors for electric vehicles as well as expanding markets for new applications that require, for example, low energy loss, high temperature operation or high-speed switching. The plan will also enable Mitsubishi Electric to contribute to the global green-transformation trend toward energy conservation and decarbonization.
A major portion of the increased investment, approximately 100 billion yen, will be used to construct a new 8-inch SiC wafer plant and enhance related production facilities. The new factory, which will incorporate an owned facility in the Shisui area of Kumamoto Prefecture, will produce large-diameter 8-inch SiC wafers, introduce a clean room featuring state-of-the-art energy efficiency and high-level automated production efficiency. In addition, the company will enhance its production facilities for 6-inch SiC wafers to meet growing demand in this sector as well.
In addition, Mitsubishi Electric will newly invest approximately 10 billion yen in a new factory that will consolidate existing operations, currently dispersed throughout the Fukuoka area, for the assembly and inspection of power semiconductors. The integration of design, development and production technology verification will greatly enhance the company's development capabilities and facilitate timely mass production in response to market demand. The remaining 20 billion yen, all new investment, will be targeted at equipment enhancements, environmental arrangements and related operations.
