TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in JIJ Inc., a Japanese startup that uses quantum computers and other technologies to develop middleware for mathematical optimization. The company's JijZept development platform is highly regarded for helping businesses solve diverse challenges by using mathematical op...
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the first quarter, ended June 30, 2026, of the current fiscal year ending March 31, 2027 (fiscal 2027). The full document on Mitsubishi Electric's financial results can be viewed at the following link: www.MitsubishiElectric.com/en/pr Consolidated Financial Results Billio...
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will establish a new U.S. company, MEHITS US, Inc., in August to manufacture IT Cooling equipment in Mason, Ohio. MEHITS US will operate under the holding company Mitsubishi Electric US Holdings, Inc. to meet growing demand for IT Cooling systems in the United States, a market expected to continue expa...
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (“Mitsubishi Electric”) and Sony Semiconductor Solutions Corporation (“Sony”) have entered into a definitive agreement on a strategic partnership aimed at accelerating the automation and advancement of manufacturing equipment and manual operations in the manufacturing industry. Under the partnership, the two companies will establish a newl...
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation and Infostellar Inc., a provider of cloud-based ground station services for satellite operators, jointly announced today that Mitsubishi Electric acquired all shares of Infostellar on July 1, making Infostellar a wholly owned subsidiary. Through their collaboration, the two companies aim to expand ground station services for satellite oper...
Brussels aims to reduce its trade deficit with China by October, just as an historic heat wave sends locals rushing to buy Chinese-made air conditioners. Analysts see little in Beijing's pledges that would meaningfully reduce the surplus.
Mitsubishi Electric Awarded Subsidy to Develop Full Digital Payload under JAXA's Space Strategy Fund
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has been awarded a subsidy for the Development of Internationally Competitive Full Digital Payload under the Development and Demonstration of Technologies for Internationally Competitive Communications Payloads, which is being financed by the 2nd phase of the Space Strategy Fund managed by the Japan Ae...