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Self-driving technology is the key to the future of the automotive industry.
Business deals

Japan's Denso to boost stake in chipmaker Renesas to 5%

Autoparts maker pursuing synergies on self-driving technology

Nikkei staff writers | Japan

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).

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