Infineon strengthens collaboration with DENSO – DENSO becoming a shareholder
Munich, Germany – 26 November 2018 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) is strengthening its long-term partnership with DENSO Corporation, a global supplier of advanced automotive technology, systems and components, to bolster its automotive business. Infineon is a global leader in semiconductor solutions for the automotive industry. Both companies aim to jointly enhance their system know-how in established and new technologies – like automated driving and electro-mobility.
Underpinning this collaboration, the Japanese company has bought an equity stake in Infineon in the range of a mid-double-digit million Euro amount.
“We would like to establish optimal semiconductor solutions for in-vehicle electronics systems through strong partnerships with semiconductor companies in order to enhance the competitiveness of automated driving and electrification systems,” said Hiroyuki Ina, Senior Executive Director of DENSO Corporation.
“We are very pleased to expand our already well-established relationship with DENSO,” said Dr. Reinhard Ploss, CEO of Infineon. “Our collaboration with Japan’s largest and world-leading automotive system supplier is strengthening our links with the Japanese industry as well as our position in the Japanese and global semiconductor market. We welcome DENSO becoming a shareholder.”
About DENSO Corporation
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, has approximately 220 subsidiaries in 35 countries and regions (including Japan) and employs approximately 170,000 people worldwide.
Consolidated global sales for the fiscal year ending March 31, 2018, totaled US$48.1 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2018 fiscal year (ending 30 September), the company reported sales of 7.6 billion Euros with about 40,100 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).