On January 15, Mitsubishi Electric unveiled its updated R&D strategy, highlighting its commitment to advancing technologies like electronic-photonic converging integration (EPCI) besides an increased investment of JPY100 billion (approx. US$6.4 million) in R&D from the fiscal year 2024 to 2030, a 1.7-fold increase over its initial plan. This investment will be funneled into collaborations between industry, academia, and government, supporting efforts to create game-changing technologies.