Mitsubishi Electric to acquire plant from Sharp to boost EV power chip output

Mitsubishi plans to invest about 20 billion yen ($187 million) to acquire two idled facilities at Sharp's chip plant.
By : Reuters
| Updated on: 11 Jun 2020, 01:23 PM
Mitsubishi is recalling nearly 223,000 vehicles in Canada and US states because parts of the suspension can rust. (REUTERS)
Mitsubishi is recalling nearly 223,000 vehicles in Canada and US states because parts of the suspension can rust. (REUTERS)
Mitsubishi is recalling nearly 223,000 vehicles in Canada and US states because parts of the suspension can rust. (REUTERS)
Mitsubishi is recalling nearly 223,000 vehicles in Canada and US states because parts of the suspension can rust.

Japan's Mitsubishi Electric Corp said on Thursday it would buy part of a plant in western Japan from Sharp Corp to meet growing demand for power management chips used in electric vehicles (EVs).

The move comes as Mitsubishi's rivals such as Infineon Technologies AG and ON Semiconductor Corp are boosting production capacity for power management chips, which efficiently control electric power in cars and electronic devices.

(Aslo Read: Suspension rust problem forces Mitsubishi to recall vehicles)

Mitsubishi, a major supplier of such chips to Toyota Motor Corp, said it would invest about 20 billion yen ($187 million) to acquire two idled facilities at Sharp's chip plant and launch production lines there.

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The new plant, set to begin operating in November next year, will process wafers for power management chips, Mitsubishi said.

First Published Date: 11 Jun 2020, 01:23 PM IST
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