DENSO expands in Silicon Valley and in Mexico
Global automotive supplier DENSO is expanding its Silicon Valley, California office to further support and promote startup companies and advanced research and development activities in multiple areas of technological innovation. DENSO plans to grow its “think tank” steadily over the next three years. Key focus areas will be cyber security, big data and autonomous driving. DENSO currently is targeting to hire researchers and developers with advanced degrees in software and systems engineering.
Also, as part of its substantial innovation efforts, DENSO has created a dedicated team in the Silicon Valley office that will aggressively pursue investments into entrepreneurs and startup companies. Not only will DENSO be investing in automotive technologies, but also startups pursuing unique solutions in key non-automotive sectors, such as health and medical, security, power storage, electric mobility, sensors and biotechnology.
DENSO first opened its Silicon Valley office in 2011, with the dual intention of strengthening and growing its core automotive business and to also discover and promote unique non-automotive technologies the company can deploy to expand its business into new markets. This investment news is part of DENSO’s expansion plan to invest nearly $1 billion and create more than 2,000 jobs in North America from 2012 – 2016.
Also part of this expansion plan, DENSO celebrated the grand opening of its newest plant in Silao, Guanajuato, Mexico, on Wednesday, May 28, 2014. This facility, which is the third plant for DENSO Mexico S.A. de C.V. (DNMX), will employ more than 850 people and represents an overall investment of nearly US$108.4 million. The 56,200-square meter plant will produce alternators, radiators and washer systems, as well as heating, ventilation and air conditioning units. Currently, DNMX produces instrument clusters, climate control panels and engine control components, such as variable cam timing and oil control valves, at the other two facilities in Nuevo Leon state.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com