Top Toyota supplier Denso mulls $3bn chip unit spinoff ...Qatar

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Denso Corp, one of the world’s top automotive semiconductor manufacturers and a key supplier to Toyota Motor Corp, may consider spinning off its chip business, which generates around ¥420bn ($3.1bn) in sales, the company’s chief technology officer said yesterday. Well known as the world’s second-biggest auto-parts maker, Denso has also quietly built up a presence in automotive chips. Now, with semiconductor-related capital expenditures totalling around ¥160bn over the past three years, Denso ranks as the world’s fifth-largest supplier of automotive chips by sales. “We need to think about whether the time will come when we sell semiconductors, alone, externally,” CTO Yoshifumi Kato said in a

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Last updated : 10 June 2022 clock 08:41 PM

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Top Toyota supplier Denso mulls $3bn chip unit spinoff ...Qatar

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