Toyota’s Denso bids for chipmaker Rohm in potential $8.3 billion deal

TOKYO: Toyota supplier Denso has made a bid for chipmaker Rohm, a potential $8.3 billion deal that will expand the auto parts giant’s hold on power management ‌chips used ⁠in electric ⁠vehicles and data centres.

Denso, a pillar of the Toyota group and one of the world’s largest makers of automotive components, has approached the Kyoto-based chipmaker about acquiring its shares, Rohm said in a statement on Friday, adding that nothing had been decided.

Shares of Rohm ended the day flooded with buy orders, up by their daily limit of 18%. Denso shares were down 3.4%.