Japan's Denso to invest $3.3 billion to bulk up chips business, president says

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1970-01-01 08:00

TOKYO Japanese automotive supplier Denso will invest about 500 billion yen ($3.3 billion) in semiconductors by 2030 as

TOKYO Japanese automotive supplier Denso will invest about 500 billion yen ($3.3 billion) in semiconductors by 2030 as aims to triple the scale of its chips business by 2035 from current levels, the company's president said on Thursday.

($1 = 150.1900 yen)

(Reporting by Daniel Leussink; Editing by David Dolan and Jamie Freed)