- TOYOTA MOTOR CORPORATION (TMC) announced that it will establish in
January 2001 the Toyota InfoTechnology Center Co., Ltd. (IT Center), a
joint venture that will focus on research and development of advanced
IT-related technologies centered on mobile and Internet technologies.
The new company, with equity participation by Denso Corp., DDI Corp.,
Toyota Tsusho Corp., Aisin Seiki Co., Ltd., Kyocera Corp. and Toyoda
Gosei Co., Ltd., will be headquartered in Meguro, Tokyo, and will set up
a wholly owned yet-to-be-named American subsidiary in Palo Alto,
California's Silicon Valley.
IT Center is to be capitalized at 2 billion yen, of which two-thirds
will be financed by TMC. The capital is to be increased to 3 billion yen
by the time the U.S. subsidiary is established. The new company will
work with TMC and its group firms, as well as universities, research
institutes, venture capital businesses and other organizations, to
conduct the operations listed below with the aim of contributing to the
network, platform and content service operations promoted by TMC, its
group companies and other entities, by providing them with the results
of its research and development.
research and technological development for commercialization
centered on mobile and Internet technologies
and development of business models
and fostering of IT human resources
views the information and communications business as one of its major
next-generation operations and is actively promoting such business. As
such, TMC will work with the new KDDI, a full-service communications
carrier to be established in October. In addition, TMC is engaged in
unique information service businesses, such as in the field of ITS,
including automotive multimedia, as well as Gazoo and other e-commerce
businesses. Because TMC believes in continuing to provide these
information services in the future, it will require advanced
technologies in order to anticipate customer needs as well as create new
demand. This requirement led to the plan for establishing the IT Center.
In January 2000, TMC set up the BR (Business Reform) Global Strategic IT
Dept., which has since discussed the functions and framework of the new
company and other requirements.