To Bulk Up Its Chip Business, Japan’s Denso Is Investing $3.3 Billion

The president of Japanese auto supplier Denso announced on Thursday that the company plans to increase the size of its chips business from current levels by 2035

One of the biggest producers of car parts and components worldwide and a supplier to the Toyota group

Denso has been expanding its chip business in recent years, forming partnerships to help it obtain additional semiconductors.

The company said last year that it would invest in a chip plant that Taiwan Semiconductor Manufacturing Co and Sony were establishing in Japan.

We need to make sure we have steady material procurement if we want to increase output

The IT Ministry and the Ministry of Economy, Trade, and Industry of Japan first signed the Memorandum of Understanding in July of this year.