North Asia

Taiwan Tech Firms Step Up Cooperation in Japan – Nikkei

Denso Corporation lowered its full-year operating forecast to 480 billion yen from 560 billion yen for the year ending March 31. File photo: Reuters.

Taiwanese technology companies are doing more deals in Japan to accelerate development of electric vehicles and expand outside their relatively small domestic market, Nikkei Asia reported, adding that using Japanese acquisitions as a springboard to scale up regionally has worked in the past.

Apple supplier Foxconn and chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) are looking to access Japanese know-how. Foxconn has signed partnerships with nearly 100 Japanese companies, including motor maker Nidec, while TSMC and rival United Microelectronics Corporation are collaborating with Toyota unit Denso.

Read the full report: Nikkei Asia.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.