Denso makes an acquisition bid for RQ-M

Nidec has made a takeover offer to semiconductor giant Rohm. The offer is believed to be aimed at acquiring all shares through a TOB (tender offer for all shares). The acquisition value is expected to reach a scale of 1.3 trillion yen. If it goes through, it will become a major force within Japan in the power semiconductor field used for power control in pure electric vehicles (EVs) and data centers. Industry consolidation among peers, which has previously been driven mainly through cooperation, is set to enter a phase of being driven out through mergers and acquisitions.

In the power semiconductor sector, Japanese companies have traditional strengths, but with the rise of Chinese firms, production capacity at many Japanese companies has become excessive. The Japanese Ministry of Economy, Trade and Industry has also urged companies to restructure. Previously, Denso and Fuji Electric, and Rohm and Toshiba, respectively entered into partnerships; now, the framework could undergo a significant change.

In May 2025, Denso and Rohm announced cooperation in the semiconductor field, planning joint development of analog semiconductors for controlling pure electric vehicle sensors and others. Through the partnership, Denso obtained a 0.3% stake in Rohm. By July of the same year, it further increased its shareholding, raising its investment ratio to nearly 5%.

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The Japan Economic News Agency and the Financial Times merged in November 2015 into the same media group. An alliance between two newspaper companies—Japan and the UK—both founded in the 19th century, is moving forward with “high-quality, the strongest economic journalism” as its banner, pursuing broad collaboration across areas such as joint special features. This time, as part of that effort, article exchanges are being carried out between the Chinese websites of the two newspapers.