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Denso Corporation

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

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Japanese mega banks Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG) and Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) plan to divest $8.5 billion worth of Toyota Motor Corp. (NYSE:TM) shares. This move aligns with Japan's push to reduce cross-shareholdings and follows Toyota's recent buyback initiative.

Portfolio Pulse from Shivani Kumaresan

June 07, 2024 | 2:24 pm

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

U.S. automakers are expected to increase investment in automation following wage increases agreed with the United Auto Workers (UAW) union. Ford (NYSE:F), General Motors (NYSE:GM), and Stellantis (NYSE:STLA) face higher labor costs after a 25% wage hike. Ford anticipates $1.7 billion in lost profits for 2023 and $8.8 billion over four years due to the labor deal. The shift towards automation could negatively impact UAW workers in the long term. Companies like Rockwell Automation (NYSE:ROK) and Magna International (NYSE:MGA) could benefit as automakers deepen their automation investments.

Portfolio Pulse from Neil Dennis

January 15, 2024 | 7:48 pm

The United Auto Workers (UAW) union has initiated a strike against Detroit's three major automakers: Ford Motor Co, General Motors Co, and Stellantis NV. The strike may have repercussions on auto suppliers that provide vital components and services to these automakers. The Biden administration is considering extending emergency financial support to the affected auto suppliers. The strike has affected all three automakers at their respective assembly plants.

Portfolio Pulse from AJ Fabino

September 15, 2023 | 3:42 pm

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