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

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

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

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

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

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

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