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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

TSMC and Honda Motor collaborate strategically.

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Creator: Chaiwat Subprasom Creator: Chaiwat Subprasom
Creator: Chaiwat Subprasom Creator: Chaiwat Subprasom

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On Wednesday, Honda Motor Co (7267.T) announced a strategic partnership agreement with Taiwan Semiconductor Manufacturing Co (TSMC) (2330. TW) to ensure a reliable semiconductor supply.

At a press conference, Honda CEO Toshihiro Mibe stated the carmaker would establish direct partnerships with chip makers to ensure a consistent chip supply.

“Honda will work closely together with Tier 1 suppliers and semiconductor makers and move forward with drastic steps,” Mibe added.

Chief operating officer Shinji Aoyama anticipates the tie-up with TSMC to start impacting the 2025 financial year.

Honda intended to launch four new EV cars in Japan by 2026.

In this article:, ,

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GDP p.c.

Real Gross Domestic Product per Capita

60,422.000.57%

U.S. 10 Yr

10-Year Treasury Constant Maturity Rate

3.532.49%

S&P 500

Standard and Poor's 500

3,991.050.38%

DJIA

Dow Jones Industrial Average

32,800.350%

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