{"slug":"denso","name":"덴소","name_en":"Denso","ticker":"6902.T","updated_at":"2026-07-12T08:27:57.697+00:00","canonical":"https://valuechain.wiki/denso","citable":"밸류체인 그래프 기준 덴소의 직접 연결 기업은 2곳(관계 기준 공급 0·매출 2)이고, 사슬을 2차까지 넓히면 2곳에 닿는다. 링크의 근거 출처는 11건이며 그중 1차공시가 2건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Denso is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 2 companies within two hops; the links are backed by 11 dated sources, 2 of them primary filings (as of 2026-07-12).","kicker":"닛케이 225 · 자동차 부품 · 토요타 계열·SiC 반도체 내재화","kicker_en":"Nikkei 225 · Auto parts · Toyota-group, SiC in-housing","lead":"덴소는 토요타 그룹 계열의 세계 2위권 자동차 부품 회사로, FY2025(2025년 3월기) 연결 매출 약 7조1,618억엔을 기록했다. 매출의 약 절반이 토요타 그룹에서 나오며, 열관리·파워트레인·모빌리티 일렉트로닉스·전동화·어드밴스드 디바이스 5개 사업부문으로 구성된다. 전동화 전환에 대응해 SiC 파워반도체를 자체 개발하고 2030년까지 5,000억엔을 반도체에 투자하며, TSMC 구마모토(JASM)와 코히런트 SiC 사업 지분 투자로 차량용 반도체 공급망을 수직 계열화하고 있다.","lead_en":"Denso is a Toyota-group global auto-parts supplier ranked among the world's largest, with FY2025 (year ended March 31, 2025) consolidated revenue of about 7,161.8 billion yen. Roughly half of revenue comes from the Toyota Group, and the business spans five segments: Thermal, Powertrain, Mobility Electronics, Electrification, and Advanced Devices. To handle the shift to electrification it develops its own SiC power semiconductors, plans to invest 500 billion yen in chips by 2030, and is vertically integrating automotive-chip supply through equity stakes in TSMC's Kumamoto fab (JASM) and Coherent's SiC business.","segments":{"fy":2026,"parts":[{"name":"열관리 시스템 (Thermal Systems)","note":"~¥2.1조, 매출비중 최대"},{"name":"모빌리티 일렉트로닉스 (Mobility Electronics)"},{"name":"파워트레인 시스템 (Powertrain Systems)"},{"name":"전동화 시스템 (Electrification Systems)","note":"~¥1.2조, YoY +22%, SiC 인버터"},{"name":"어드밴스드 디바이스 (Advanced Devices, 차량용 반도체 포함)"}],"total":"¥7,540.0십억 (FY2026, 2026.3 종료, +5.3%)·영업익 ¥552.5십억"},"segments_en":{"fy":2026,"parts":[{"name":"Thermal Systems","note":"~¥2.1T, largest segment"},{"name":"Mobility Electronics"},{"name":"Powertrain Systems"},{"name":"Electrification Systems","note":"~¥1.2T, +22% YoY, SiC inverters"},{"name":"Advanced Devices (incl. automotive semiconductors)"}],"total":"JPY 7,540.0bn (FY2026, ended Mar 2026, +5.3%), operating profit JPY 552.5bn"},"returns_yearly":{"2021":49,"2022":-16,"2023":37.4,"2024":-5.5,"2025":2.4,"2026":-8.1},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"mazda-motor","name":"마쓰다","name_en":"Mazda Motor","tier":2,"returns_yearly":{"2021":18.8,"2022":22.8,"2023":81.1,"2024":-39,"2025":17.3,"2026":-3.2}},{"slug":"toyota","name":"Toyota Motor Corporation","name_en":"Toyota Motor Corporation","tier":1,"returns_yearly":{"2021":58.1,"2022":-13.4,"2023":63,"2024":1.8,"2025":21.8,"2026":-18.2}}],"benefiting":[],"analysis":"투자 논점은 세계 2위권 자동차 부품사가 전동화 전환을 SiC 반도체 수직계열화로 방어하는 구조다. FY2025 매출 약 7.16조엔에 토요타 그룹이 매출의 ~50%·지분 ~24%를 차지하는 안정적 캡티브 기반 위에서, 열관리(최대 부문)·전동화(+22%, SiC 인버터)로 믹스를 EV로 옮긴다 — 나머지 절반은 혼다·포드·GM·스텔란티스 등 글로벌 OEM이다. 2021~22년 차량용 반도체 부족이 토요타 감산으로 번진 경험이 조달 안정성을 전략 과제로 만들었고, 이에 TSMC 구마모토(JASM) 공동투자, 코히런트 SiC 자회사 12.5% 지분($5억, 미쓰비시전기와 각 $5억), 2030년까지 반도체 5,000억엔 투자, ROHM 인수 제안(약 1.3조엔, 미확정)으로 SiC 파워반도체를 내재화한다. 위험은 실적이 토요타·글로벌 완성차 생산 사이클에 연동되고, 대규모 반도체 투자의 회수 속도가 불확실하다는 점이다.","analysis_en":"The thesis is a top-tier global auto-parts maker defending the electrification shift through SiC-semiconductor vertical integration. On FY2025 revenue of ~¥7.16T, a stable captive base — Toyota Group at ~50% of revenue and ~24% ownership — supports a mix shift toward EVs via Thermal (its largest segment) and Electrification (+22%, SiC inverters), with the other half from global OEMs like Honda, Ford, GM and Stellantis. The 2021-22 auto-chip shortage that forced Toyota production cuts made supply security strategic, so it in-houses SiC power semiconductors via JASM (TSMC Kumamoto) co-investment, a 12.5% stake in Coherent's SiC subsidiary ($500M, $500M each with Mitsubishi Electric), ¥500B of chip investment by 2030, and a (unconfirmed) ~¥1.3T proposal to acquire ROHM. Risks are linkage to Toyota/global vehicle-production cycles and uncertain payback on the large semiconductor investment.","analysis_asof":"2026-07-10"},"edges":[{"direction":"investment","counterparty":"JASM (TSMC 구마모토 합작, 소수 공동투자)","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-05","value":3300000000,"period":"2030년까지 자체 반도체 투자"},"note":"TSMC 구마모토 팹(JASM)에 소니·토요타와 함께 소수 공동 투자해 차량용 반도체를 안정 조달한다. 별도로 자체 반도체 사업에 2030년까지 5,000억엔(약 33억 달러)을 투자하고 2035년 사업 규모를 현재의 3배로 확대할 계획이다.","note_en":"Denso co-invests as a minority partner with Sony and Toyota in TSMC's Kumamoto fab (JASM) to secure automotive-chip supply. Separately it plans to invest 500 billion yen (about $3.3 billion) in its own semiconductor business by 2030 and triple that business by 2035.","sources":[{"stance":"confirms","publisher":"Nikkei Asia","publisher_en":"Nikkei Asia","kind":"news","lang":"en","published_at":"2025-05-01","url":"https://asia.nikkei.com/business/tech/semiconductors/toyota-supplier-denso-to-invest-3.3bn-in-chip-business","title":"토요타 협력사 덴소, 반도체에 $33억 투자","title_en":"Toyota supplier Denso to invest $3.3bn in chip business","excerpt":"닛케이: 토요타 협력사 덴소가 반도체 사업에 33억 달러를 투자한다.","excerpt_en":"Nikkei: Toyota supplier Denso to invest $3.3 billion in its chip business."},{"stance":"confirms","publisher":"Power Semiconductors Weekly","publisher_en":"Power Semiconductors Weekly","kind":"news","lang":"en","published_at":"2023-10-26","url":"https://www.powersemiconductorsweekly.com/2023/10/26/denso-to-invest-500-billion-yen-by-2030/","title":"덴소, 2030년까지 반도체에 5,000억엔 투자","title_en":"DENSO to Invest 500 billion yen by 2030","excerpt":"덴소는 2030년까지 반도체에 5,000억엔을 투자하고 2035년 사업 규모를 현재의 3배로 확대한다.","excerpt_en":"DENSO will invest 500 billion yen in semiconductors by 2030 and triple the scale of its chip business by 2035."}]},{"direction":"investment","counterparty":"Coherent Silicon Carbide LLC (SiC 소수지분)","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","label":"코히런트 SiC 지분투자","stake":"12.5%","value":500000000},"note":"코히런트의 SiC 반도체 자회사(Silicon Carbide LLC)에 5억 달러를 투자해 12.5% 소수지분을 확보했다(2023년 12월 완료). 미쓰비시전기도 동일 조건으로 5억 달러를 투자해 총 10억 달러 규모다. SiC 웨이퍼 장기 공급을 담보한 전략적 투자다.","note_en":"Denso invested $500 million for a 12.5% minority stake in Coherent's SiC subsidiary Silicon Carbide LLC (closed December 2023). Mitsubishi Electric invested $500 million on the same terms, for $1 billion total. The stake secures long-term SiC wafer supply.","sources":[{"stance":"confirms","publisher":"Coherent / GlobeNewswire","publisher_en":"Coherent / GlobeNewswire","kind":"news","lang":"en","published_at":"2023-12-04","url":"https://www.globenewswire.com/news-release/2023/12/04/2790493/0/en/Coherent-s-Silicon-Carbide-Semiconductor-Business-Completes-1-Billion-in-Investments-From-DENSO-and-Mitsubishi-Electric.html","title":"코히런트 SiC 사업, 덴소·미쓰비시전기서 10억 달러 투자 완료","title_en":"Coherent's SiC Business Completes $1 Billion Investment From DENSO and Mitsubishi Electric","excerpt":"덴소와 미쓰비시전기는 각각 5억 달러를 투자해 코히런트 SiC 사업의 12.5% 비지배 지분을 확보했으며, 총 10억 달러 투자는 2023년 12월 4일 완료됐다.","excerpt_en":"DENSO and Mitsubishi Electric each invested $500 million for a 12.5% non-controlling interest in Coherent's SiC business; the $1 billion aggregate investment closed on December 4, 2023."}]},{"direction":"revenue","counterparty":"Toyota","counterparty_slug":"toyota","confidence":"high","metric":{"fy":2026,"of":"denso_revenue","type":"share","unit":"percent","label":"토요타그룹 매출비중","value":50,"denso_revenue_jpy_bn":7540},"note":"토요타 그룹은 덴소 매출의 약 50%를 차지하는 최대 고객이자 약 24% 지분을 보유한 대주주다. 인버터·SiC 파워반도체 등 전동화 핵심 부품과 열관리·안전 시스템을 공급하며, 신형 bZ4X 등에 덴소 전동화 제품이 채택됐다.","note_en":"Toyota Group is Denso's largest customer at about 50% of revenue and also a roughly 24% shareholder. Denso supplies electrification parts such as inverters and SiC power semiconductors plus thermal and safety systems; its electrification products were adopted for Toyota's new bZ4X.","sources":[{"stance":"confirms","publisher":"DENSO","publisher_en":"DENSO","kind":"filing","lang":"en","published_at":"2026-04-28","url":"https://www.denso.com/global/en/news/newsroom/2026/20260428-g01/","title":"덴소 FY2026(2026.3 종료) 결산 — 매출 ¥7,540.0십억(+5.3%)·영업익 ¥552.5십억","title_en":"DENSO FY2026 (ended Mar 2026) results — revenue JPY 7,540.0bn (+5.3%), operating profit JPY 552.5bn","excerpt":"덴소 FY2026(2026.3) 매출 ¥7,540.0십억(+5.3%)·영업이익 ¥552.5십억(+6.5%)·순이익 ¥443.8십억(+5.9%). 토요타 계열 최대 부품사, 차량 전동화·반도체(JASM·SiC) 내재화.","excerpt_en":"DENSO FY2026 (ended Mar 2026) revenue JPY 7,540.0bn (+5.3%), operating profit JPY 552.5bn (+6.5%), net profit JPY 443.8bn (+5.9%). The largest Toyota-group parts maker, in-sourcing vehicle electrification and semiconductors (JASM, SiC)."},{"stance":"mentions","publisher":"TipRanks","publisher_en":"TipRanks","kind":"analysis","lang":"en","published_at":"2026-04-28","url":"https://www.theglobeandmail.com/investing/markets/markets-news/Tipranks/1575824/denso-lifts-dividend-as-fy2026-profit-rises-signals-softer-outlook-for-fy2027/","title":"덴소, FY2026 이익 증가·배당 상향; FY2027은 소폭 둔화 전망(애널리스트)","title_en":"DENSO lifts dividend as FY2026 profit rises; softer FY2027 outlook (analyst)","excerpt":"FY2026 이익 증가·배당 상향, FY2027 소폭 둔화 전망.","excerpt_en":"FY2026 profit up and dividend raised; softer FY2027 outlook."},{"stance":"mentions","publisher":"Denso","publisher_en":"Denso","kind":"ir","lang":"en","published_at":"2025-10-10","url":"https://www.denso.com/global/en/news/newsroom/2025/20251010-g02/","title":"덴소 전동화 제품, 토요타 신형 bZ4X 채택","title_en":"Denso's electrification products adopted for Toyota's new bZ4X","excerpt":"덴소의 전동화 제품(인버터·SiC 파워반도체 등)이 토요타 신형 bZ4X에 채택됐다.","excerpt_en":"Denso's electrification products (inverters, SiC power semiconductors) were adopted for Toyota's new bZ4X."},{"stance":"confirms","publisher":"Denso","publisher_en":"Denso","kind":"filing","lang":"en","published_at":"2025-06-30","url":"https://www.denso.com/global/en/-/media/Global/about-us/investors/annual-report/2025/annual-report-doc-2025-viewing-en.pdf","title":"덴소 통합보고서 2025 (2025년 3월기)","title_en":"Denso Integrated Report 2025 (year ended March 31, 2025)","excerpt":"FY2025(2025년 3월기) 연결 매출은 7조1,618억엔으로, 열관리·파워트레인·모빌리티 일렉트로닉스·전동화·어드밴스드 디바이스 5개 부문에 걸쳐 있으며 최대 고객은 토요타 그룹이다.","excerpt_en":"Revenue for fiscal 2025 (year ended March 31, 2025) was 7,161.8 billion yen across five segments (Thermal, Powertrain, Mobility Electronics, Electrification, Advanced Devices), with the Toyota Group as the largest customer."},{"stance":"confirms","publisher":"DBS Group Research","publisher_en":"DBS Group Research","kind":"research","lang":"en","published_at":"2025-05-15","url":"https://www.dbsvickers.com/vickers/aics/templatedata/article/generic/data/en/GR/Japan/6902_JP.xml","title":"DBS 그룹 리서치 — 덴소(6902) 커버리지","title_en":"DBS Group Research — Denso (6902) coverage","excerpt":"DBS: 덴소 매출의 50%가 토요타 그룹에서 발생하며, 토요타 그룹은 약 40% 지분을 보유한다. 지역별 매출은 일본 47%·북미 19%·유럽 9%·기타 아시아 24%.","excerpt_en":"DBS: 50% of Denso's revenue is generated from the Toyota Group, which owns about a 40% stake. Regional split: Japan 47%, North America 19%, Europe 9%, other Asia 24%."}]},{"direction":"cost","counterparty":"Coherent Silicon Carbide LLC (SiC 웨이퍼)","counterparty_slug":null,"confidence":"high","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"전동화 인버터용 SiC 파워반도체의 핵심 소재인 SiC 웨이퍼를 코히런트의 SiC 자회사(Silicon Carbide LLC)로부터 장기 공급계약으로 조달한다. 150mm·200mm 웨이퍼 안정 확보가 목적이며, 덴소는 이 사업에 5억 달러 소수지분 투자도 병행했다.","note_en":"Denso procures SiC wafers, the core material for SiC power semiconductors used in electrification inverters, from Coherent's SiC subsidiary (Silicon Carbide LLC) under a long-term supply arrangement covering 150mm and 200mm wafers. Denso also took a $500 million minority stake in that business.","sources":[{"stance":"confirms","publisher":"Coherent / GlobeNewswire","publisher_en":"Coherent / GlobeNewswire","kind":"news","lang":"en","published_at":"2023-12-04","url":"https://www.globenewswire.com/news-release/2023/12/04/2790493/0/en/Coherent-s-Silicon-Carbide-Semiconductor-Business-Completes-1-Billion-in-Investments-From-DENSO-and-Mitsubishi-Electric.html","title":"코히런트 SiC 사업, 덴소·미쓰비시전기서 10억 달러 투자 완료","title_en":"Coherent's SiC Business Completes $1 Billion Investment From DENSO and Mitsubishi Electric","excerpt":"코히런트의 SiC 사업은 덴소·미쓰비시전기와 150mm·200mm SiC 기판·에피 웨이퍼 수요를 뒷받침하는 장기 공급 계약을 체결했다.","excerpt_en":"The Business entered into arm's-length long-term supply arrangements with DENSO and Mitsubishi Electric supporting their demand for 150 mm and 200 mm silicon carbide substrates and epitaxial wafers."}]},{"direction":"revenue","counterparty":"비토요타 글로벌 완성차 (혼다·포드·GM·스텔란티스 등)","counterparty_slug":null,"confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"매출의 나머지 절반은 토요타 외 글로벌 완성차에서 나온다. 혼다·포드·GM·스텔란티스 등 일본·미국·유럽 주요 OEM에 열관리(에어컨)·모빌리티 일렉트로닉스·파워트레인 부품을 공급한다. 지역별 매출은 일본 약 47%, 북미 19%, 기타 아시아 24%, 유럽 9%다.","note_en":"The other half of revenue comes from non-Toyota automakers. Denso supplies thermal (air-conditioning), mobility-electronics and powertrain parts to major Japanese, US and European OEMs including Honda, Ford, GM and Stellantis. By region, sales split roughly Japan 47%, North America 19%, other Asia 24%, Europe 9%.","sources":[{"stance":"mentions","publisher":"Denso","publisher_en":"Denso","kind":"filing","lang":"en","published_at":"2025-06-30","url":"https://www.denso.com/global/en/-/media/Global/about-us/investors/annual-report/2025/annual-report-doc-2025-viewing-en.pdf","title":"덴소 통합보고서 2025 (2025년 3월기)","title_en":"Denso Integrated Report 2025 (year ended March 31, 2025)","excerpt":"덴소는 토요타 외에도 일본·북미·유럽·아시아 전역의 완성차에 부품을 공급하는 글로벌 부품사다.","excerpt_en":"Denso is a global supplier serving automakers across Japan, North America, Europe and Asia beyond Toyota."},{"stance":"confirms","publisher":"DBS Group Research","publisher_en":"DBS Group Research","kind":"research","lang":"en","published_at":"2025-05-15","url":"https://www.dbsvickers.com/vickers/aics/templatedata/article/generic/data/en/GR/Japan/6902_JP.xml","title":"DBS 그룹 리서치 — 덴소(6902) 커버리지","title_en":"DBS Group Research — Denso (6902) coverage","excerpt":"DBS: 토요타 그룹이 매출의 50%를 차지하는 만큼 나머지 절반은 비토요타 고객이며, 지역 매출은 일본 47%·북미 19%·유럽 9%·기타 아시아 24%로 분산된다.","excerpt_en":"DBS: with the Toyota Group at 50% of revenue, the remaining half is non-Toyota; regional sales split Japan 47%, North America 19%, Europe 9%, other Asia 24%."}]},{"direction":"cost","counterparty":"차량용 반도체·파운드리 조달 (ROHM·르네사스·TSMC 등)","counterparty_slug":null,"confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"자체 SiC 내재화 이전까지 마이크로컨트롤러·전력반도체 등 차량용 칩을 ROHM·르네사스 등에서 조달하고, TSMC 구마모토(JASM) 등 파운드리에 위탁 생산한다. 2021~2022년 차량용 반도체 부족이 토요타 감산으로 이어지며 조달 안정성이 전략 과제가 됐다.","note_en":"Until it in-houses SiC, Denso sources automotive chips such as microcontrollers and power semiconductors from ROHM and Renesas, and relies on foundries including TSMC Kumamoto (JASM). The 2021-2022 automotive-chip shortage that forced Toyota production cuts made supply security a strategic priority.","sources":[{"stance":"mentions","publisher":"Nikkei Asia","publisher_en":"Nikkei Asia","kind":"news","lang":"en","published_at":"2025-05-01","url":"https://asia.nikkei.com/business/tech/semiconductors/toyota-supplier-denso-to-invest-3.3bn-in-chip-business","title":"토요타 협력사 덴소, 반도체에 $33억 투자","title_en":"Toyota supplier Denso to invest $3.3bn in chip business","excerpt":"닛케이: 덴소는 차량용 반도체 안정 조달을 위해 반도체 사업에 33억 달러(5,000억엔)를 투자한다.","excerpt_en":"Nikkei: Denso will invest $3.3 billion (500 billion yen) in its chip business to secure stable automotive-semiconductor supply."},{"stance":"mentions","publisher":"시사저널e","publisher_en":"Sisa Journal e","kind":"news","lang":"ko","published_at":"2023-10-27","url":"https://www.sisajournal-e.com/news/articleView.html?idxno=304982","title":"토요타 덴소, 반도체에 4.5兆 투자…현대모비스와 차이는?","title_en":"Toyota's Denso to invest 4.5 trillion won in semiconductors","excerpt":"덴소는 2023년 반도체 부족 대응 및 전동화 확대를 위해 5,000억엔(약 4조5,000억원) 규모 반도체 투자 계획을 발표했다.","excerpt_en":"Denso announced a 500 billion yen (about 4.5 trillion won) semiconductor investment plan to address the chip shortage and expand electrification."}]},{"direction":"revenue","counterparty":"마쓰다","counterparty_slug":"mazda-motor","confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"마쓰다향 부품 공급. 토요타·마쓰다·덴소 3사의 EV 공통 아키텍처 합작(EV C.A. Spirit, 2017~) 이력 포함.","note_en":"Component supply to Mazda, incl. the Toyota–Mazda–Denso EV C.A. Spirit joint EV architecture venture (2017–).","sources":[{"stance":"mentions","publisher":"Automotive News","publisher_en":"Automotive News","kind":"news","lang":"en","published_at":"2017-09-28","url":"https://www.autonews.com/article/20170928/COPY01/309289979/toyota-will-partner-with-mazda-denso-for-electric-car-venture","title":"토요타·마쓰다·덴소, EV 공용 아키텍처 개발 합작사(EV C.A. Spirit) 설립","title_en":"Toyota to partner with Mazda, Denso for EV venture (EV C.A. Spirit)","excerpt":"토요타·마쓰다·덴소 EV C.A. Spirit 합작 설립.","excerpt_en":"Toyota, Mazda and Denso form EV C.A. Spirit JV."}]},{"direction":"investment","counterparty":"ROHM (SiC 파워반도체, 인수 제안 검토)","counterparty_slug":null,"confidence":"low","metric":{"type":"amount","unit":"JPY","label":"ROHM 인수 제안액","value":1300000000000,"qualifier":"proposed_unconfirmed"},"note":"2026년 3월 덴소가 SiC 차량용 파워반도체 강자 ROHM에 약 1.3조엔 규모 인수를 제안했다는 보도가 나왔다. 성사 시 토요타 그룹의 반도체 수직 계열화를 완성하는 전략적 움직임이나, 아직 제안 단계로 확정되지 않았다.","note_en":"In March 2026, reports emerged that Denso had proposed to acquire ROHM, a leader in SiC automotive power semiconductors, for about 1.3 trillion yen. If completed it would complete the Toyota Group's semiconductor vertical integration, but it remains a proposal and is not confirmed.","sources":[{"stance":"mentions","publisher":"글로벌이코노믹","publisher_en":"Global Economic","kind":"news","lang":"ko","published_at":"2026-03-07","url":"https://www.g-enews.com/article/Global-Biz/2026/03/2026030718312721980c8c1c064d_1","title":"덴소, '전력 반도체 강자' 롬 인수 추진…토요타 EV 공급망 수직 계열화","title_en":"Denso pursues ROHM acquisition to complete Toyota EV supply-chain vertical integration","excerpt":"글로벌이코노믹: 덴소가 SiC 차량용 파워반도체 강자 ROHM을 약 1.3조엔에 인수 추진하며 토요타 그룹 반도체 수직 계열화를 노린다는 보도.","excerpt_en":"Global Economic: Denso is reportedly pursuing a ~1.3 trillion yen acquisition of ROHM, a SiC automotive power-semiconductor leader, to complete Toyota Group's semiconductor vertical integration."}]}]}