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Technology

Toshiba and Fuji Electric to invest $2bn in EV power chips

Global focus on electrified vehicles spurs spending spree

Electric vehicles charge at stations in Paris. France plans to ban gasoline-powered vehicles by 2040. (Photo by Keiichiro Asahara)

TOKYO -- Toshiba and Fuji Electric will invest a combined 200 billion yen ($1.9 billion) to ramp up output of power-saving chips for electric vehicles to accommodate the sharp shift by governments around the world toward electrified cars and trucks, Nikkei has learned.

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