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Hello my dears,
I had been wondering why StMicro had fallen. And I have just found the reason in the Handelsblatt.
But Denso as the acquiring company has also been brought to its knees. Although Denso should benefit in the long term, and therefore perhaps also belongs on the Watch.
Could Denso still become interesting?
The automotive supplier Denso wants to take over the chip group Rohm for more than seven billion euros. The acquisition would have an impact as far away as Nuremberg.
The japanische automotive supplier Denso is shaking up the market: The Toyota supplier is examining a takeover of the Japanese chip group Rohm for a good seven billion euros. If the merger is successful, this would increase the pressure on German competitors Infineon and Bosch increase.
Denso is the number two among the world's largest automotive suppliers, just behind the Stuttgart-based Bosch Group. Both are among the few automotive suppliers with their own chip production. Competitors such as ZF or Continental have to buy in the strategically important components.
Auch für den Dax-Konzern Infineon könnte der Deal Folgen haben. The Munich-based group is the world's largest car chip manufacturer and Denso is, according to the company, one of the most important customers of its automotive division. The automotive industry accounts for Infineon about half of its turnover.
Denso has also acquired a small stake in Infineon. In Japan, Infineon sees itself as the number two car chip manufacturer with a market share of a good 13 percent.
Rohm's share price climbed by almost a fifth on Friday after the company announced the planned takeover. According to the financial information service Bloomberg, this is the biggest rise in 26 years. Since the beginning of the year, the shares have gained around half their value.
Rohm announced on Friday that it had received an offer, but gave no further details. The Japanese business daily "Nikkei" had previously reported on the deal. Denso shares lost a good three percent at the end of the week.
Rohm produces silicon carbide in Nuremberg
Denso stated that it was examining all options in the context of its strategic partnership with Rohm, including the purchase of shares. However, a decision has not yet been made.
The billion-euro purchase could also have an impact on a factory in Nuremberg: The Rohm subsidiary Sicrystal produces silicon carbide, the basic material for energy-saving chips, in the Franconian metropolis. Sicrystal also supplies Infineon and the French-Italian competitor STMicroelectronics. Rohm has expanded the plant in recent years.
Like Infineon, Rohm also produces so-called power semiconductors. The chips are important for the power supply of electric cars, but also for data centers. New Chinese suppliers are increasing competition in this business, said an industry insider on Friday. The important market in the People's Republic would probably be lost by foreign companies to domestic competitors in the coming years.
The planned takeover within Japan should be seen against this backdrop: "The Western players must reformat themselves and stake their claims in their regions," the insider continued. This also includes building a "strong local ecosystem". The Japanese are tackling this more decisively than the Europeans.
"Consolidation among manufacturers of power semiconductors has not progressed," said Hideki Yasuda, analyst at Toyo Securities Co, according to Bloomberg. This is partly due to the unresolved question of who should take the lead. "Now that a player from a higher level has come in, it is possible that there will be a restructuring of the power semiconductor industry that is effectively driven by customers."
Here the post seems to work again. Why I can't post my company introduction from Poland is still not clear to me.
Technologie: Milliardendeal in Japan – neue Konkurrenz für Infineon und Bosch
