Toyota and automotive components manufacturing giant DENSO will establish a joint venture for research and development of in-vehicle semiconductors. Slated to launch in April 2020, the new company will conduct research on the basic structure and processing techniques of next-generation semiconductors, including power modules for EVs and monitoring sensors for automated vehicles.
DENSO will maintain 51 percent ownership of the new company, which will start with roughly 500 employees and 50 million yen (about $470,000) in capital.
Source: DENSO
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