Denso Withdraws Rohm Acquisition Bid

Denso, a major auto parts supplier to Toyota, has withdrawn its $8.3 billion offer to acquire chipmaker Rohm after failing to secure support from Rohm's board and a special committee. Denso's CEO, Shinnosuke Hayashi, stated that continuing talks would not lead to increased value for both sides, opting instead to prioritize technological and manufacturing cooperation. This decision comes despite Denso's strategic interest in expanding its control over power-management chips for electric vehicles and data centers. Following the announcement, Denso's shares fell 3.3%, and the company forecast a nearly 10% drop in operating profit for the current financial year. Meanwhile, Rohm's shares rose 0.6%, as it continues discussions with Toshiba and Mitsubishi Electric regarding the integration of their power semiconductor businesses.