Japan's Denso to invest $3.3 billion to bulk up chips business, president says

2023-10-26 01:26

TOKYO Japanese automotive supplier Denso will invest about 500 billion yen ($3.3 billion) in semiconductors by 2030 as

Japan's Denso to invest $3.3 billion to bulk up chips business, president says

TOKYO Japanese automotive supplier Denso will invest about 500 billion yen ($3.3 billion) in semiconductors by 2030 as aims to triple the scale of its chips business by 2035 from current levels, the company's president said on Thursday.

($1 = 150.1900 yen)

(Reporting by Daniel Leussink; Editing by David Dolan and Jamie Freed)