Denso Buys Stake in Infineon

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.