KARIYA, Japan, July 10, 2019 /PRNewswire/ -- DENSO
Corporation and Toyota Motor Corporation today agreed to establish
a joint venture* for research and advanced development of
next-generation, in-vehicle semiconductors. The two companies will
study the details and aim to establish the new company in
April 2020.
Recently, electronic controls have been increasingly implemented
into vehicles. Furthermore, the number of in-vehicle semiconductors
has also grown, and the performance of these semiconductors has
continuously improved. To create a future of mobility that is safe
and sustainable, it is necessary to develop next-generation
semiconductors that are integral to technology innovations, such as
connected cars, automated driving, sharing mobility and
electrification.
In June 2018, DENSO and Toyota
agreed to consolidate the electronic components production and
development functions to DENSO. Based on this agreement, they have
been working to achieve a speedy and competitive production and
development system.
DENSO has decided to establish the new company for research and
advanced development of in-vehicle semiconductors, and will
establish a stronger system for R&D of semiconductors. DENSO
has agreed to accept equity participation from Toyota for the new
company to accelerate the speed of development by taking full
advantage of Toyota's knowledge from a mobility viewpoint. Through
equity participation in the new company, Toyota will achieve
further technology innovations by introducing cutting-edge
semiconductor technologies from the planning phase when developing
its mobility services and vehicles.
The new company will conduct advanced research on the basic
structure and processing method of next-generation semiconductors
and develop electronic components by implementing semiconductors,
such as power modules for electric vehicles and periphery
monitoring sensors for automated vehicles, thereby contributing to
creating the future of mobility.
* The establishment of the joint venture requires the approval
of antitrust authorities.
Profile of the joint venture
1.
Establishment
|
April 2020
(planned)
|
2. Location of
the
head
office
|
500-1 Minamiyama,
Komenoki-cho, Nisshin, Aichi, Japan
(on the premises of the Advanced Research and
Innovation Center)
|
3. Capital
|
50 million
yen
|
4.
Ownership
|
51% owned by DENSO,
49% by Toyota
|
5.
Employees
|
About 500 (at the
time of establishment of the company)
|
6. Business
description
|
Research and advanced
development of in-vehicle
semiconductors and development of electronic
components using semiconductors
|
About DENSO
DENSO is a $48.3 billion global
mobility supplier that develops advanced technology and components
for nearly every vehicle make and model on the road today. With
manufacturing at its core, DENSO invests in its 221 facilities in
35 countries to produce thermal, powertrain, mobility,
electrification, & electronic systems, to create jobs that
directly change how the world moves. The company's 170,000+
employees are paving the way to a mobility future that improves
lives, eliminates traffic accidents, and preserves the environment.
Globally headquartered in Kariya, Japan, DENSO spent 9.3
percent of its global consolidated sales on research and
development in the fiscal year ending March 31, 2019. For more
information about global DENSO,
visit https://www.denso.com/global.
In North America, DENSO employs 27,000+ engineers,
researchers and skilled workers across 31 sites in the
U.S, Canada and Mexico. In the United
States alone, DENSO employs 17,000+ employees across 13 states
and 25 sites. Headquartered in Southfield, Michigan, in fiscal year ending March 31,
2019, DENSO in North America generated $10.9
billion in consolidated sales. Join us, and craft not only how
the world moves, but also your career. For more information, go
to https://www.denso.com/us-ca/en/.
About Toyota Motor Corporation
Toyota Motor
Corporation (TMC) (NYSE: TM) is the global mobility company that
introduced the Prius hybrid-electric car in 1997 and the first
mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in
Toyota City, Japan, Toyota has
been making cars since 1937. Today, Toyota proudly employs 370,000
employees in communities around the world. Together, they build
around 10 million vehicles per year in 28 countries and regions,
from mainstream cars and premium vehicles to mini-vehicles and
commercial trucks, and sell them in more than 170 countries and
regions under the brands Toyota, Lexus, Daihatsu and Hino. For more
information, please visit https://global.toyota/en/.
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SOURCE DENSO