Mitsubishi Electric is in talks with domestic rivals about teaming up on power chips, its chief executive officer said, advocating Japanese alliances on the manufacture of a crucial component that drives the world’s devices.
While management is broadly supportive of working together, such discussions have snagged on the administrative level and have not moved forward, CEO Kei Uruma said. Still, a sense of urgency is growing as Japanese companies fall further behind German market leader Infineon Technologies.
“There are too many competitors in Japan,” Uruma said in an interview. The power chip industry requires continuous technological innovation, and it makes sense to work together while there’s still a chance at winning market share, he said. “We shouldn’t be fighting each other. We need to unite.”
