Toyota supplier Denso to invest $3.3bn in chip business

Auto parts maker aims to expand semiconductor production via alliances

20231026 Denso

Denso President Shinnosuke Hayashi speaks at Japan Mobility Show on Oct. 26 in Tokyo. (Photo by Kyohei Suga)

KYOHEI SUGA, Nikkei staff writer

TOKYO -- Denso, Japan's leading auto parts maker and supplier to Toyota Motor, will invest about 500 billion yen ($3.3 billion) in the semiconductor business by 2030, its president Shinnosuke Hayashi revealed on Thursday at the Japan Mobility Show in Tokyo.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.