DENSO and Toyota Agree to Establish a Joint Venture

Research and Advanced Development of Next-generation, In-vehicle Semiconductors – Accelerating R&D to create future mobility –

DENSO Corporation and Toyota Motor Corporation today agreed to establish a joint venture* for research and advanced development of next-generation, in-vehicle semiconductors. The two companies will study the details and aim toestablish the new company in April 2020.

Recently, electronic controls have been increasingly implemented into vehicles. Furthermore, the number of in-vehiclesemiconductors has also grown, and the performance of these semiconductors has continuously improved. To create afuture of mobility that is safe and sustainable, it is necessary to develop next-generation semiconductors that are integral to technology innovations, such as connected cars, automated driving, sharing mobility and electrification.

In June 2018, DENSO and Toyota agreed to consolidate the electronic components production and developmentfunctions to DENSO. Based on this agreement, they have been working to achieve a speedy and competitive production and development system.

DENSO has decided to establish the new company for research and advanced development of in-vehiclesemiconductors, and will establish a stronger system for R&D of semiconductors. DENSO has agreed to accept equityparticipation from Toyota for the new company to accelerate the speed of development by taking full advantage ofToyota’s knowledge from a mobility viewpoint. Through equity participation in the new company, Toyota will achieve further technology innovations by introducing cutting-edge semiconductor technologies from the planning phase when developing its mobility services and vehicles.

The new company will conduct advanced research on the basic structure and processing method of next-generation semiconductors and develop electronic components by implementing semiconductors, such as power modules forelectric vehicles and periphery monitoring sensors for automated vehicles, thereby contributing to creating the future of mobility.


* The establishment of the joint venture requires the approval of antitrust authorities.


Profile of the joint venture

1. Establishment April 2020 (planned)
2. Location of the

head office

500-1 Minamiyama, Komenoki-cho, Nisshin, Aichi, Japan(on the premises of the Advanced Research and Innovation Center)
3. Capital 50 million yen
4. Ownership 51% owned by DENSO, 49% by Toyota
5. Employees About 500 (at the time of establishment of the company)
6. Business description Research and advanced development of in-vehiclesemiconductors and development of electronic components using semiconductors
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