Denso Withdraws Acquisition Proposal for Rohm
Toyota supplier Denso has dropped its bid for chipmaker Rohm after failing to gain board support. The move ends plans to expand control over EV power chips.
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DENSO CORP, a major automotive components manufacturer based in Japan, has reportedly decided to retract its proposal to acquire ROHM CO LTD. According to reports from the Nikkei business daily on Saturday, the decision comes after the automotive supplier failed to secure the necessary support from the semiconductor firm's leadership for the proposed tie-up.
