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Denso Buys Stake in Infineon

Denso Corp. has acquired an unspecified stake in Infineon Technologies AG, a Munich-based manufacturer of semiconductor chips.

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Denso Corp. has acquired an unspecified stake in Infineon Technologies AG, a Munich-based manufacturer of semiconductor chips.

The companies, which have been collaborating unofficially for several years, describe the investment as being in the “mid-double-digit” million-euro range. As part of the agreement, the partners plan to team Infineon Technologies’ advanced semiconductor technologies with Denso’s in-vehicle electronic systems to accelerate the development of autonomous and electrified vehicle systems.

Founded in 1999, Infineon employs more than 40,000 people worldwide and reported sales of 7.6 billion ($8.6 billion) for the fiscal year ending September 30. The company has inked several recent development deals with carmakers, including ventures with Volkswagen AG and China’s Shanghai Automotive Industry Corp.

Gardner Business Media - Strategic Business Solutions