Toyota Motor Company and DENSO Engineering Corporation announced the conclusion of an agreement to form a new joint venture.
The new structure will develop next-generation semiconductor products for use in the transport sector. We are talking, in particular, about components for electrified cars and chips for self-driving cars.
In the joint venture, DENSO Corporation will own a 51% share and Toyota a 49%. It is planned to form the structure in April next year. The staff of the enterprise will be about 500 people.
It should be noted that last year the four firms that are part of Toyota Motor, including DENSO, joint venture to develop technologies for self-driving vehicles.
In addition, Toyota and DENSO are collaborating on electrified vehicles.
The new partnership will help Toyota Motor strengthen its position in the fast-growing next-generation vehicle market.
Source: 3dnews.ru