TOKYO — Japan’s Denso and Fuji Electric will join forces to manufacture energy-efficient silicon carbide (SiC) power semiconductor devices for electric vehicles, ramping up investment even amid an EV market slowdown in anticipation of a future upswing.
The two companies announced plans Friday for a 211.6 billion yen ($1.4 billion) investment, with as much as a third of this to be covered by the Ministry of Economy, Trade and Industry. Denso and Fuji Electric will expand production facilities in Japan for the project, eyeing an annual output capacity of 310,000 units by May 2027. Denso will handle the SiC wafers, while Fuji Electric will produce the devices.
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