Toyota's Denso bids for Rohm in $8.3b deal

Toyota supplier Denso has made a bid for chipmaker Rohm, a potential $8.3 billion deal that will expand the auto parts giant's hold on power management chips used in electric vehicles and data centres.

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Denso, a pillar of the Toyota group and one of the world’s largest makers of automotive components, has approached the Kyoto-based chipmaker about acquiring its shares, Rohm said in a statement on Friday, adding that nothing had been decided.

Shares of Rohm ended the day flooded with buy orders, up by their daily limit of 188. Denso shares were down 3.48.