Streetbeat News

DNZOF

Denso Corporation

https://www.denso.com/jp/ja/

Industry

Motor Vehicle Electrical and Electronic Equipment Manufacturing

Open

13.39

Mkt cap

40B

Volume

100

High

13.99

P/E Ratio

13.45

52-wk high

20.13

Low

13.39

Div yield

0.03

52-wk low

12.10

Taiwan Semiconductor Manufacturing Co (TSM) is driving a semiconductor investment boom in Japan, particularly in Kumamoto, attracting Taiwanese and Southeast Asian investors. This move, partly a response to U.S. sanctions on China, has also spurred the expansion of CTBC Bank and other Taiwanese banks into Japan to support the growing semiconductor market. TSMC's new facilities, including a second factory for 6-nm chips, are set to bolster Japan's semiconductor industry, with mass production aimed to supply major companies like Sony and Denso. Analog Devices, Inc (ADI) has also partnered with TSMC's subsidiary JASM for long-term wafer capacity. TSMC's stock has seen a significant increase, reflecting the positive market response to its expansion and the ongoing AI investment frenzy.

Portfolio Pulse from Anusuya Lahiri

February 23, 2024 | 12:36 pm

Coherent Corp. (NYSE:COHR) has secured a $1 billion investment from Mitsubishi Electric Corp. (OTC:MIELF) and DENSO CORPORATION (OTC:DNZOF) for its silicon carbide business. Each company will invest $500 million for a 12.5% non-controlling ownership interest. The deal will increase Coherent's free cash flow and provide greater financial and operational flexibility. Coherent will also establish long-term supply agreements with DENSO and Mitsubishi Electric.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 12:02 pm

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