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06.10.25 - 02:54
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Mitsubishi Electric opens SiC plant amid cooling EV market (Digitimes)
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Mitsubishi Electric held a completion ceremony on October 1, 2025, for its new power semiconductor factory in Kumamoto Prefecture, Japan. The facility will produce silicon carbide (SiC) power semiconductors, primarily targeting the electric vehicle (EV) market. However, the company has delayed expected growth targets amid slower-than-anticipated EV demand, with capacity expansion now set to proceed gradually based on market conditions....
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01.10.25 - 15:18
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Mitsubishi Electric′s New Semiconductor Facility Completed (Nippon)
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Kikuchi, Kumamoto Pref., Oct. 1 (Jiji Press)--Mitsubishi Electric Corp. on Wednesday held a ceremony marking the completion of a new facility for producing power semiconductors at a plant in the city of Kikuchi, Kumamoto Prefecture, southwestern Japan. The new facility will start operations in November, and the company will aim to start mass production in 2027. Power semiconductors, which......
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09.09.25 - 13:18
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Mitsubishi Electric to Acquire U.S. Security Firm (Nippon)
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Tokyo, Sept. 9 (Jiji Press)--Mitsubishi Electric Corp. said Tuesday that it will acquire U.S. security firm Nozomi Networks Inc. for about 130 billion yen, making it the biggest deal by the Japanese company. The Japanese electronics company hopes that the transaction will help it boost security support for manufacturing and social infrastructure businesses amid rising concerns over cyberatta......
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09.09.25 - 10:12
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Mitsubishi Electric To Acquire Nozomi Networks (AFX)
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TOKYO (dpa-AFX) - Mitsubishi Electric Corporation (MIELY.PK) Tuesday said it has agreed to acquire Nozomi Networks Inc., a provider of operational technology (OT) security solutions, for $883 mill......
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09.09.25 - 09:36
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Mitsubishi Electric Signs Agreement to Wholly Acquire Nozomi Networks (Business Wire)
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TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has entered into an agreement to acquire all shares of Nozomi Networks Inc., a U.S.-based developer and distributor of operational technology (OT) security solutions. Nozomi Networks serves a diverse range of customers, primarily in social infrastructure sectors such as power and railways, as well as in the manufacturing industry. This acquisition pertains to shares not already owned by Mitsubishi Electric.
The transaction is expected to be completed in 2025, subject to the approval of the necessary regulatory authorities and the fulfillment of other customary conditions.
Upon completion of the transaction, Nozomi Networks will become a wholly owned subsidiary of Mitsubishi Electric.
Rationale for the Transaction
In response to the increasing importance of OT security measures due to the IoT and digital transformation (DX) of manufacturing sites and social infrastructure, Mitsubishi Electric has been dedicated to...
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27.08.25 - 15:48
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Mitsubishi Electric Trane HVAC US Names Tim Vordenbaumen Chief Financial Officer (Business Wire)
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SUWANEE, Ga.--(BUSINESS WIRE)--Mitsubishi Electric Trane HVAC US LLC (METUS), a leading supplier of all-electric, all-climate Ductless and Ducted Mini-split and Variable Refrigerant Flow (VRF) heat pump and air-conditioning systems, welcomes Tim Vordenbaumen, CPA, as the company's new Chief Financial Officer.
As CFO, Vordenbaumen will be responsible for financial guidance to the senior leadership team as well as planning, implementing, managing, and controlling financial-related activities for METUS.
With 20 years of experience at Trane Technologies, Vordenbaumen has held a series of influential leadership positions. As Controller within Residential HVAC, he chaired the Limited Warranty Council, developing key strategies. He also served as Finance Leader of Parts and the Dealer Distributor Channel, where he spearheaded a successful supply chain cash flow initiative. His most recent position was Finance Leader for Commercial HVAC Americas. Prior to joining Trane Technologies, Vordenbaumen launched his car...
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07.08.25 - 04:06
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Mitsubishi Electric′s ME Innovation Fund Invests in Pale Blue, Startup Developing Water-based Propulsion Systems for Satellites (Business Wire)
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Enhancing satellite propulsion technology to help achieve the sustainable utilization of outer spaceTOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Japan-based Pale Blue Inc., a startup engaged in the development, manufacturing, and sales of propulsion systems for small satellites that use water as a propellant. This is the 13th investment the fund has made to date.
In recent years, the number of satellite launches has increased significantly worldwide, and the number of businesses utilizing satellite constellations has rapidly expanded. Propulsion systems, which serve as the driving force for satellite operation and orbital transfer, are critical components of satellite missions. This has led to growing demand for propulsion technologies that offer superior safety, cost efficiency, and lower environmental impact.
Founded in 2020 as a deep-tech startup originating from the University of Tokyo, Pale Blue is developing proprie...
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