Latest news for Denso (OTC:DNZOF) Stock

Denso manufactures and sells mainly automotive components and systems. The company was founded in 1949 as a result of becoming independent from Toyota Motor, which is currently the largest shareholder. Its main businesses are powertrain control systems, thermal systems, electrification systems, mobility electronics, and sensors/semiconductor systems. The company operates globally and is headquartered in Kariya, Japan.

TSMC. Photo by Sundry Photography on Shutterstock

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TSMC&#39;s expansion in Japan attracts investors, banks and chip companies amidst geopolitical tensions and global chip shortage.

Taiwan Semi Spurs Semiconductor Investment Frenzy in Japan, Boosting Local Economy and Banking Sector

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Coherent Corp. (NYSE: COHR) shares are trading higher after the company clinched an investment worth $1 billion from Mitsubishi Electric Corp. (OTC: MIELF) and DENSO CORPORATION (OT

Coherent Stock Soars As Mitsubishi Electric, DENSO Pour In $1B - Here&#39;s More

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	Sony Group Corp (NYSE: SONY) weighed an investment of 800 billion yen ($5.83 billion) to build a factory to produce smartphone image sensors in western Japan.


Sony Eyed $6B Investment In Japan&#39;s Smartphone Sensor Factory

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Coherent's silicon carbide unit to receive $1B in investments from two Japanese firms

Coherent rallies after investment, B Riley upgrade

Denso plans to invest $3.3B to bolster semiconductor business

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Taiwan Semiconductor and partners team up to build 2nd chip facility in Japan

DENSO (JP:6902) has released an update. DENSO CORPORATION is selling its holding shares in AISIN Corporation as part of its updated financial strat...

DENSO Streamlines Portfolio, Sells AISIN Shares

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Taiwan Semiconductor Manufacturing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has catalyzed a surge in interest from Taiwanese and Southeast Asian investors looking to tap into&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/24/02/37254196/taiwanese-chip-firms-flock-to-japan-as-china-decoupling-accelerates" rel="noreferrer noopener">Japan&#8217;s semiconductor market</a>, particularly in Kumamoto, known for its semiconductor incentives.&nbsp;



The trend also coincided with the U.S. imposing sanctions on China&#8217;s advancements in cutting-edge semiconductors.



Max Lin, executive vice president at CTBC Bank, Taiwan&#8217;s biggest private bank, noted the burgeoning demand for banking services in Kumamoto, driven by the key&nbsp;Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) supplier&#8217;s announcement of its first-ever Japanese chip fabrication plant in the region.&nbsp;



It marked a significant pivot for CTBC Bank, which expanded its operations to downtown Kumamoto to cater to the growing needs of clients involved in the semiconductor boom, from real estate inquiries to lifestyle advice, Nikkei Asia&nbsp;<a target="_blank" href="https://asia.nikkei.com/Business/Business-Spotlight/TSMC-s-Japan-chip-venture-spurs-investment-rush" rel="noreferrer noopener">reports</a>.



Recent reports indicated that TSMC is expanding in Japan with a second factory&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/02/37032861/tsmc-sets-sights-on-japan-for-next-gen-chip-manufacturing-boosting-global-tech-leadership" rel="noreferrer noopener">for 6-nm chips</a>. The new facility in Kumamoto prefecture will likely be operational by the end of 2027.



The semiconductor industry&#8217;s expansion has turned Japan into an attractive destination for foreign banking expansions, a notable shift given the country&#8217;s previous challenges with negative interest rates deterring such moves.&nbsp;



This change is underscored by the entry of seven other Taiwanese banks into Japan, following TSMC&#8217;s lead.&nbsp;



TSMC&#8217;s Kumamoto plant, poised for mass production by year-end to supply giants like&nbsp;Sony Group Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) and&nbsp;Denso Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOF#OTC">DNZOF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOY#OTC">DNZOY</a>), represents TSMC&#8217;s broader strategy to diversify its manufacturing footprint outside Taiwan in response to geopolitical tensions and the global chip shortage, with ambitious plans for overseas expansion in the U.S., Japan, and Germany.



TSMC&#8217;s foray into Japan benefits from cultural affinities and a skilled workforce, easing the expansion process compared to other regions.&nbsp;



Japan earmarked up to ¥45 billion ($300 million) to support the Leading-edge Semiconductor Technology Center (LSTC) in developing advanced chip technologies. The LSTC is a collective of Japanese researchers specializing in nanotechnology, materials, and AI.



Recently,&nbsp;Analog Devices, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) tapped TSMC&#8217;s majority-owned subsidiary, Japan Advanced Semiconductor Manufacturing, Inc (JASM), to secure long-term wafer capacity, including 40nm and finer&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37266611/whats-going-on-with-key-nvidia-supplier-taiwan-semi-stock-thursday" rel="noreferrer noopener">process technology nodes</a>.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/23054658/newplot-35.png" alt="" class="wp-image-226837" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/23054658/newplot-35.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/23054658/newplot-35-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>



TSMC stock gained over 27% year-to-date versus Nvidia at 63% as the AI frenzy is in no mood to fizzle out.



Price Action: TSM shares traded higher by 0.63% at $129.88 premarket on the last check Friday.



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo by Sundry Photography on Shutterstock

Coherent Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) shares are trading higher after the company clinched an investment worth $1 billion from&nbsp;Mitsubishi Electric Corp.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MIELF#OTC">MIELF</a>) and&nbsp;DENSO CORPORATION&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOF#OTC">DNZOF</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/10/g35157163/coherents-silicon-carbide-semiconductor-business-to-receive-1-billion-in-investments-from-denso-an" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">in its silicon carbide business.</a>

Under the transaction terms, DENSO and Mitsubishi Electric will each invest $500 million in exchange for a 12.5% non-controlling ownership interest in the business, with Coherent owning the remaining 75%.

The transaction will enable Coherent to increase its available free cash flow to provide greater financial and operational flexibility to execute its capital allocation priorities.

The company&#39;s&nbsp;<a class="editor-rtfLink" href="https://www.coherent.com/content/dam/coherent/site/en/documents/investors/sec-filings/2023/august-16/quarterly-shareholder-letter-20230815.pdf" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">gross debt</a>&nbsp;was approximately $4.4 billion, and net debt was approximately $3.6 billion at the end of the fourth quarter.&nbsp;

Prior to the completion of the transaction, Coherent will separate and contribute the business to a subsidiary.&nbsp;

As part of the transaction, Coherent will establish long-term supply agreements with DENSO and Mitsubishi Electric to cater to their needs for 150 mm and 200 mm silicon carbide substrates and epitaxial wafers.

The electric vehicle market is expanding worldwide and is one of several emerging applications driving the exponential growth of silicon carbide power devices.&nbsp;

&quot;The investments from our strategic partners will be used to accelerate our capacity expansion plans and help sustain our leadership position, while ensuring the development of a robust and scalable supply for the rapidly growing market for SiC-based power electronics, largely driven by the explosive growth of the global electric vehicle market,&quot; said Dr. Vincent D. Mattera, Jr., Chair and CEO, Coherent.

Price Action:&nbsp;COHR shares are trading higher by 9.65% to $33.99 premarket on the last check Tuesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Coherent Stock Soars As Mitsubishi Electric, DENSO Pour In $1B - Here's More

<ul>
	<li>Sony Group Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) weighed an investment of 800 billion yen ($5.83 billion) to build a factory to produce smartphone image sensors in western Japan.</li>
	<li>The plant would be located in Kumamoto prefecture. Sony plans to bring it online by 2025, Reuters&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/technology/sony-plans-smartphone-sensor-factory-japan-nikkei-2022-12-15/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.</li>
	<li>Taiwan Semiconductor Manufacturing Company Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is also building a significant chip plant in Kumamoto.&nbsp;</li>
	<li>Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/12/30054231/rapidus-eyes-big-investment-to-boost-japans-chip-trajectory-collaborates-with-ibm-to-commercialize-2" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Rapidus Eyes Big Investment To Boost Japan&#39;s Chip Trajectory, Collaborates With IBM To Commercialize 2-Nm Tech</a></li>
	<li>Sony and auto parts maker&nbsp;Denso Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/dnzof#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DNZOF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/dnzoy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DNZOY</a>) took a minority stake in the $8.6 billion project.</li>
	<li>Sony plans to source logic chips for image sensors from the TSMC plant, Nikkei Asia&nbsp;<a class="editor-rtfLink" href="https://asia.nikkei.com/Business/Tech/Semiconductors/Sony-plans-sensor-factory-in-Japan-near-new-TSMC-fab#:~:text=TOKYO%20%2D%2D%20Sony%20Group%20is,the%20area%2C%20Nikkei%20has%20learned." style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.</li>
	<li>Sony carefully weighed the timing and scale of the investment in light of concerns about the outlook for the global economy.</li>
	<li>Sony&#39;s existing Kumamoto facility produces sensors for various applications, including smartphones, vehicles, and industrial equipment.&nbsp;Apple Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30053671/tim-cook-lauds-sony-for-over-a-decade-partnership-as-apples-japan-investment-crosses-100b" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">visited the facility this week</a>.</li>
	<li>Sony is the largest supplier of CMOS image sensors for smartphone cameras and autos. Sony held a 44% share of the global market by value in 2021, versus&nbsp;Samsung Electronics Co, Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) at 18%.</li>
	<li>As per IC Insights, the global market for CMOS image sensors will likely grow to $26.9 billion in 2026, up 30% year-on-year.</li>
	<li>Price Action:&nbsp;SONY shares closed lower by 3.1% at $78.72 on Thursday.</li>
</ul>

Sony Eyed $6B Investment In Japan's Smartphone Sensor Factory

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