Denso Corp. and Toyota Motor Corp. have established a joint venture (JV) to research and develop next-generation, in-vehicle semiconductors.
As electronics have penetrated the automotive market, more semiconductors are being used in current and future vehicles. The companies aim to establish the new company in April of 2020, focusing on semiconductors for connected cars, automated driving, sharing mobility and electrification.
The JV follows a move by Denso and Toyota last year to consolidate the electronic components production and development functions to Denso.
The partnership will include equity participation from both companies to accelerate the speed of development in next-generation semiconductor technologies from the planning phase when developing mobility services and vehicles.
The new venture will research basic structure and processing methods of next-generation semiconductors and develop electronic components by implementing semiconductors such as power modules for electric vehicles and periphery monitoring sensors for automated vehicles.