TechnologyToshiba 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)
ATSUSHI KATO, Nikkei staff writer
December 15, 2020 02:23 JST
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.