Mexican Media Brands
Denso Increases Stake in Renesas
Denso Corp. is buying an additional 4.5% stake in Japanese chipmaker Renesas Electronics Corp., increasing its share to 5%.
#electronics
Share
Denso Corp. is buying an additional 4.5% stake in Japanese chipmaker Renesas Electronics Corp., increasing its share to 5%.
Denso is acquiring the new shares from Innovation Network of Japan (INCJ). The deal reduces the state-backed investment fund’s ownership in Renesas from 50.1% to 45.6%.
Terms of the deal weren’t disclosed. Based on Renesas' stock price, the purchase is valued at about 85 billion yen ($797 million).
Denso says the investment will help it accelerate the development of automated driving, electrification, connected vehicle and other advanced electronic technologies. The company notes that collaborating with semiconductor manufacturers is essential to develop the necessary control systems for next-generation cars.
Renesas has shifted its focus to self-driving vehicle systems in recent years. The company formed the R-Car Consortium last April. In October it announced that it will supply semiconductors and microcontrollers to Toyota and Denso for future Toyota vehicles with automated driving capabilities.
Last week Denso formed a joint venture with Aisian Seiki and Toyota to develop software for self-driving cars. Both suppliers are affiliated with Toyota, which holds a 90% stake in the 300 billion yen ($2.8 billion) venture.RELATED CONTENT
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems