NAGOYA, Japan -- Autoparts supplier Denso will raise its stake in Renesas Electronics to 5% from 0.5% to work even more closely with the chipmaker in developing self-driving systems, according to an announcement from Denso on Friday.
The Japanese autoparts maker plans to buy the shares from the state-backed Innovation Network Corp. of Japan, Tokyo-based Renesas' leading shareholder, for about 85 billion yen ($795 million).