"Toyota plans to form a joint venture semiconductor company with Denso called MIRISE Technologies (Mobility Innovative Research Institute for SEmiconductors) from April 2020. The new company will focus on developing better power electronics products, sensors and SoCs (System-on-a-Chip). Denso will hold 51% of the newly formed company.
The automotive industry is transitioning towards electrification of the drivetrain and ultimately to autonomous vehicles. All companies in the supply chain are having to prepare for this disruptive change. The new company will also work on leveraging new semiconductor material technologies."- Soumen Mandal