Latest news with #TakeyoshiKomatsuPublic
Yahoo
6 days ago
- Business
- Yahoo
Mitsubishi Electric Invests in AT PARTNERS III L.P. Fund Targeting VCs
Accelerating new ventures by collaborating with startups to address diverse social challenges TOKYO, June 04, 2025--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has invested as an anchor limited partner (LP) in the AT PARTNERS III L.P. fund, which employs a fund-of-funds approach to make diversified investments in leading overseas venture capital (VC) firms. Through this investment, Mitsubishi Electric aims to strengthen its open innovation with startups and accelerate the creation of new businesses in response to rapidly evolving market conditions and technological advancements. Tokyo-based AT PARTNERS Inc. invests in venture capital funds across the United States, Europe, and Israel. Leveraging its proprietary corporate analysis data platform, the company efficiently gathers and analyzes information on high-potential overseas startups, offering Japanese corporate investors valuable opportunities for strategic collaboration. AT PARTNERS III L.P. is the third fund managed by AT PARTNERS. Mitsubishi Electric expects to strengthen its business-creation initiatives by leveraging AT PARTNERS' global startup ecosystem network and also its expertise and knowhow in open innovation. Mitsubishi Electric will also continue to collaborate with startups in its existing business domains to further expand and advance its businesses through open innovation. For the full text, please visit: View source version on Contacts Customer Inquiries Business Innovation GroupMitsubishi Electric CorporationTel: + Media Inquiries Takeyoshi KomatsuPublic Relations DivisionMitsubishi Electric CorporationTel: + Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
22-05-2025
- Automotive
- Yahoo
Mitsubishi Electric's ME Innovation Fund Invests in U.S. Startup Solestial
Improving the competitiveness of its space business through advanced silicon-based solar cells for space applications TOKYO, May 22, 2025--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that its ME Innovation Fund has invested in Solestial, Inc., a U.S.-based startup specializing in the development and production of solar cells for space applications using advanced silicon technology. This is the tenth investment that the fund has made to date. In recent years, the miniaturization and cost reduction of satellites have resulted in rapid growth in the deployment of constellations in low Earth orbit. As the number of satellite launches continues to rise sharply, there is growing concern that the supply of solar cells, an essential component of satellites, will not be able to keep pace with demand. Solestial develops and manufactures solar cells for space applications using silicon heterojunction technology. Compared to conventional products, these cells are expected to provide a wide range of advantages, including improved radiation resistance, reduced costs, quicker delivery, and decreased investing in Solestial, Mitsubishi Electric aims to enhance the competitiveness of its space business by leveraging Solestial's high-performance solar cell technology. Margo de Naray, CEO, Solestial, Inc., said, "We are very pleased to partner with Mitsubishi Electric through their investment in our company. Our technology is very meaningful for the future of the space industry, and through our partnership with Mitsubishi Electric, we will further accelerate our technological development." For the full text, please visit: View source version on Contacts Customer Inquiries Business Innovation GroupMitsubishi Electric CorporationTel: + Media Inquiries Takeyoshi KomatsuPublic Relations DivisionMitsubishi Electric CorporationTel: +
Yahoo
07-04-2025
- Business
- Yahoo
Mitsubishi Electric to Support Earthquake Relief in Myanmar
TOKYO, April 07, 2025--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will donate a total of 10 million yen to aid victims and support recovery efforts following the earthquake that struck Myanmar on March 28. The donation will be made through the Japanese Red Cross Society to support rescue and relief efforts as well as disaster prevention and mitigation activities in Myanmar and Thailand, which will be conducted by the International Red Cross and Red Crescent, the International Committee of the Red Cross, Myanmar Red Cross Society, Thai Red Cross Society and the Japanese Red Cross Society. The company also plans to make additional donations through Mitsubishi Electric SOCIO-ROOTS Fund, a gift-matching program which matches and doubles donations from employees. The Mitsubishi Electric Group expresses its deepest sympathies to all those affected by the disaster and extends its very sincerest wishes for a speedy recovery. ### About Mitsubishi Electric Corporation With more than 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its "Changes for the Better." The company recorded a revenue of 5,257.9 billion yen (U.S.$ 34.8 billion*) in the fiscal year ended March 31, 2024. For more information, please visit *U.S. dollar amounts are translated from yen at the rate of ¥151=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2024 View source version on Contacts Customer Inquiries Sustainability Strategic Planning and Administration DivisionSustainability Innovation GroupMitsubishi Electric Media Inquiries Takeyoshi KomatsuPublic Relations DivisionMitsubishi Electric CorporationTel: + Sign in to access your portfolio
Yahoo
19-03-2025
- Automotive
- Yahoo
Mitsubishi Electric to Establish FA Business Headquarters in China
Will strengthen competitiveness by establishing more autonomous FA systems business in local market TOKYO, March 19, 2025--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will establish Mitsubishi Electric Intelligent Manufacturing Technology (China) Group Co., Ltd. in Suzhou, China, a key region for its factory automation (FA) systems business, on April 1. The new company will oversee product planning, development, manufacturing and sales, aiming to establish autonomous business operations to raise competitiveness by swiftly responding to diversifying customer needs in the fast-changing Chinese market. Mitsubishi Electric's FA systems business has been striving to expand its business in China by operating local manufacturing, sales and service bases to supply high-performance products that so far have been planned and developed in Japan. In recent years, the trend to increase productivity through smart factories has been advancing rapidly in the Chinese market. As a result, industrial-customer needs for FA product functions and performance have been diversifying, and demands for timely product development and faster product supply have been increasing amid intensifying competition. In response, Mitsubishi Electric has decided to establish a Chinese headquarters to oversee its FA systems business with the goal of realizing operations that are more closely aligned with the local business environment. Leveraging the new company's highly agile autonomous management, Mitsubishi Electric intends to establish local product planning and development, a comprehensive local supply chain, and secure and develop talent to ensure faster responses to the diversifying needs of local industrial customers. For the full text, please visit: View source version on Contacts Customer Inquiries Factory Automation Systems GroupMitsubishi Electric Media Inquiries Takeyoshi KomatsuPublic Relations DivisionMitsubishi Electric CorporationTel: + Sign in to access your portfolio
Yahoo
18-03-2025
- Automotive
- Yahoo
Mitsubishi Electric to Ship Samples of 3.6-4.0GHz, 16W GaN Power Amplifier Module for 5G Massive MIMO Base Stations
Will reduce production costs and power consumption of base stations in more countries TOKYO, March 18, 2025--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of a new 16W-average-power gallium nitride (GaN) power amplifier module (PAM) for 5G massive MIMO (mMIMO) base stations on March 25. This PAM product, which operates in the 3.6-4.0GHz band, can be widely deployed in North America and East and Southeast Asia. As 5G networks expand from urban centers to regional areas, mMIMO base stations, especially 32T32R mMIMO base stations, are expected to be increasingly deployed. Mitsubishi Electric's 16W GaN PAM is particularly well suited for 32T32R mMIMO base stations because it reduces both production costs and power consumption. Since mMIMO base stations use multi-element antennas and many power amplifiers, there is a growing need for highly efficient power amplifiers to help reduce base station production costs and power consumption. In particular, PAMs strongly contribute to lower production costs because they are easy to mount on a printed circuit board, unlike discrete power amplifiers that need many on-board components. While power amplifiers are required to deliver low-distortion characteristics compliant with 5G signal quality, they must also support different frequency bands in various countries and additionally must achieve increasingly higher output power to support longer communication distances as 5G networks expand from urban areas to surrounding cities. For the full text, please visit: View source version on Contacts Customer Inquiries Semiconductor & Device Marketing Div. BMitsubishi Electric Media Inquiries Takeyoshi KomatsuPublic Relations DivisionMitsubishi Electric CorporationTel: + Sign in to access your portfolio
