Mitsubishi Electric Explores Power Chip Alliances in Japan
- Talk of partnerships falters at administrative level, CEO says
- Competition at home hurts Japan’s development of EV component
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Mitsubishi Electric Corp. is in talks with domestic rivals about teaming up on power chips, its chief executive officer said, advocating Japanese alliances on the manufacture of a crucial component that drives the world’s devices.
While management is broadly supportive of working together, such discussions have snagged on the administrative level and have not moved forward, CEO Kei Uruma said. Still, a sense of urgency is growing as Japanese companies fall further behind German market leader Infineon Technologies AG.