Denso is set to withdraw its proposal to take over semiconductor maker Rohm, as the two sides were unable to see eye to eye on an offer, the Nikkei daily has reported.
Denso was unable to get Rohm¡¯s support for the acquisition, the newspaper reported, without saying where it got the information. Rohm may have had concerns about becoming overly reliant on automotive chips, or that its existing relationships with other auto parts manufacturers would be impacted, the Nikkei said.
Rohm¡¯s shares surged last month after the company said it received an acquisition proposal from auto parts supplier Denso. The Japanese chip parts maker had set up a committee to examine the bid.
Separately, Toshiba has begun discussions to merge its power chip operations with those of Rohm and Mitsubishi Electric, a sign of consolidation that may affect other parts of Japan¡¯s fragmented industrial supply chain.
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