DENSO Group Company, NSITEXE Takes a Stake in Next-Generation Processor Developer quadric.io to Support Future Mobility Solutions

Accelerating the development of high-performance semiconductors will help achieve widespread automated driving

Kariya (Japan) ― DENSO Corporation, the world’s second largest mobility supplier, today announced that NSITEXE, Inc., a DENSO Group company that designs and develops semiconductor IP cores,* acted as lead investor and has taken a stake in quadric.io, a startup company based in Burlingame, California. The purpose of the investment is to help quadric.io’s development of edge processing units (EPUs), which are high-performance semiconductors that could be used as a foundation for enabling automated driving technology.

DENSO established NSITEXE in 2017 to design and develop next-generation, high-performance semiconductor devices to advance automated driving solutions. One of NSITEXE’s focuses is developing a Data Flow Processor (DFP), a new type of processor different from conventional processors such as central processing units (CPUs) and graphic processing units (GPUs). The DFP can rapidly perform multiple complex calculations by instantaneously optimizing calculating areas according to the amount and content of information, while minimizing power consumption and heat generation. NSITEXE is aiming to commercialize the DFP in the first half of the 2020s

NSITEXE has taken a stake in quadric.io because of its industrial EPU development technology, which it will incorporate into in-vehicle specifications required for automated driving. The quadric.io’s real-time end-to-end edge computing technology was designed to accelerate the development of smart edge products like cars and robots that require instantaneous processing of a large amount of calculations while minimizing power consumption and latency. NSITEXE aims to achieve instant processing of both complex and large amounts of calculations to extend the ability of DFP by accelerating development of quadric.io’s real-time end-to-end edge computing technology

DENSO has been developing and refining its in-vehicle semiconductor technology for years and remains committed to creating advanced technologies to achieve an environmentally friendly, safe and secure automotive society.

* Semiconductor IP (intellectual property) cores: partial integrated circuit property that is used to manufacture semiconductors

Profile of quadric.io

1. Name : quadric.io

2. Location : 330 Primrose Rd Suite 306, Burlingame Ave, Burlingame, CA 94010 USA

3. Representative : Veerbhan Kheterpal

4. Establishment : June 2016

5. Business description : Developing, manufacturing, and selling EPUs

Profile of NSITEXE

1. Name : NSITEXE, Inc.

2. Location : 2-16-4 Konan, Minato-ku, Tokyo, Japan

3. President : Yukihide Niimi

4. Establishment : September 2017

5. Capital : 100 million yen

6. Ownership : 100% owned by DENSO

7. Employees : 55

8. Business description : Developing semiconductor IP cores and relevant tools, and selling licenses

About DENSO Corporation

DENSO is a $48.1 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 220 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, and electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 8.8 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2018. For more information about global DENSO, visit https://www.denso.com/global.

Contact:

Yu Matsuda

Natsumi Suzuki

DENSO CORPORATION

Phone: 81-566-55-9736

Fax: 81-566-25-4509

yuu_matsuda@denso.co.jp

natsumi_suzuki@denso.co.jp

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