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Denso withdraws bid to acquire Rohm after target company lacks support.
Denso has reportedly withdrawn its proposal to acquire semiconductor maker Rohm due to a lack of support from the target company.
The Japanese auto parts supplier, which supplies Toyota, had aimed to bolster its control over power-management chips for electric vehicles and data centers.
Rohm is known for its silicon carbide semiconductors and is currently exploring separate integration talks with Toshiba and Mitsubishi Electric.
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Denso se retira de la oferta para adquirir Rohm después de que la compañía objetivo carezca de apoyo.