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
-
On the Genesis GV80, Acura MDX, BMW iDrive and more
From Genesis to Lamborghini, from Bosch to Acura: new automotive developments.
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
2018 Ford EcoSport: Small Is the New Big
Eric Loeffler, chief program engineer for the 2018 Ford EcoSport, recalls driving home from work one day from the product development center in Brazil where work was underway on developing the vehicle that will be coming to the U.S. in 2018, having been launched in 2003 in South America and is now become available in 140 countries around the world.