TOKYO, April 26 (Reuters) - Japan's Honda Motor Co (7267.T) on Wednesday unveiled it struck a strategic collaboration agreement with Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW) as part of steps the company was taking to secure a stable supply of semiconductors.
Honda will build direct relationships with chip producers for the long-term stable supply of chips, chief executive Toshihiro Mibe said at a news conference where he laid out the automaker's business strategy.
"Honda will work closely together with Tier 1 suppliers and semiconductor makers and move forward with drastic steps," Mibe said, adding it had reached a basic agreement on strategic collaboration with TSMC.
The company expects to start seeing an impact from the tie-up with TSMC from the 2025 financial year, chief operating officer Shinji Aoyama said.
Honda also said it planned to introduce four new electric vehicle (EV) models in Japan by 2026.