Denso acquires stake in Infineon
According to Infineon, the two companies have been working together for a long time and now want to strengthen their cooperation. Together, the companies plan to expand their system know-how – in both established and new technologies. These include automated driving and electric mobility. Denso’s investment is in the mid-double-digit million euro range, making it more of a symbolic act given Infineon’s market capitalization of a good 20 billion euros.
“Strong partnerships with semiconductor companies are important for us to secure access to the best possible semiconductor solutions for automotive electronics systems,” says Hiroyuki Ina, Senior Executive Director of DENSO Corporation. “Our goal is to further increase our competitiveness in the areas of automated driving and electric mobility.” Infineon CEO Reinhard Ploss said, “Denso’s acquisition of Infineon’s shares strengthens the chip manufacturer’s ties to Japanese industry and our position in the Japanese and global semiconductor markets.
Infineon is regarded as one of the most important chip suppliers for the automotive market. The company generates a good 40% of its sales with customers from the automotive industry. Denso, on the other hand, has in the past regularly strengthened its connections in the semiconductor and software industry through the acquisition of shareholdings.
Related articles:
Infineon forges ahead with power semi factory, acquires SiC company
Denso invests $270 million in OLED display developer
Denso, Toshiba join forces for in-vehicle software
Toyota hands over electronics production to Denso
Denso buys smart automotive access company InfiniKey
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
