Toyota and Denso Join Forces to Develop Advanced Chips for Cars

With the auto market moving full speed ahead toward connected and autonomous vehicles Toyota Motor Corporation does not want to be left out of any revenue coming from automotive semiconductors.

To meet that end, it joined hands with Denso, the Japanese-based auto-parts maker. Both companies are teaming up to develop the automotive semiconductors that will be found in the next generation of connect and self-driving cars.

In the new entity, Denso will have % 51 controls while Toyota owing the remainder. The new company will initiate its business in April 2020.It will be located on the premises of the Advanced Research and Innovation Center in Aichi, Japan. The company will have capital of 50 million yen.