Decoding DENSO’s semiconductor strategy
Although historically DENSO has been producing its own semiconductors for automotive applications, the global chip crisis has driven the Japanese supplier to not only fill in the gaps but also expand its capabilities to prepare for the future
Japan’s DENSO Corporation, one of the leading global automotive suppliers of powertrain, thermal, and safety systems, recorded a 4.2% year-on-year (y/y) decline in its fiscal year (FY) 2021 revenue, which stood at JPY4,936.7 billion (about USD45.1 billion). The company attributed this year-on-year fall to the significant decline in car sales resulting from COVID-19, followed by the shortages in semiconductors and other raw materials.
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