Denso becomes a shareholder as it strengthens collaboration with Infineon
Infineon Technologies AG is strengthening its long-term partnership with Denso Corporation. Denso is a global supplier of automotive technology, systems and components.
Infineon is a global provider of semiconductor solutions for the automotive industry. The companies aim to jointly enhance their system know-how in established and new technologies, such as automated driving and electro-mobility.
Underpinning this collaboration, the Japanese company has bought an equity stake in Infineon. The precise investment has not been revealed but a spokesperson called it “in the range of a mid-double-digit million Euro amount”.
“We would like to establish optimal semiconductor solutions for in-vehicle electronics systems through strong partnerships with semiconductor companies in order to enhance the competitiveness of automated driving and electrification systems,” says Hiroyuki Ina, senior executive director of Denso Corporation.
Dr. Reinhard Ploss, CEO of Infineon adds, “We are very pleased to expand our already well-established relationship with Denso. Our collaboration with Japan’s largest and world-leading automotive system supplier is strengthening our links with the Japanese industry as well as our position in the Japanese and global semiconductor market. We welcome Denso becoming a shareholder.”
Denso Corporation, headquartered in Kariya, Aichi prefecture, Japan, has approximately 220 subsidiaries in 35 countries and regions (including Japan) and employs roughly 170,000 people worldwide.
Consolidated global sales for the fiscal year ending March 31, 2018, totaled US$48.1 billion (€42.3 billion). Last fiscal year, Denso spent 8.8% of its global consolidated sales on research and development.