Hyundai Motor, South Korea’s largest automaker, and Samsung Electronics, South Korea’s largest electronics manufacturer, are considering forming an alliance in the field of automotive chips. Executives from Samsung Electronics and Hyundai Motor have recently discussed forming an alliance in the field of automotive chips.
Samsung Electronics and Hyundai Motor have already cooperated, but their cooperation is mainly on memory chips for cars and has not expanded to microcontrollers and processors. Market observers believe that the two companies may conduct joint research and development in automotive integrated circuits in the future, and hand them over to Samsung Electronics’ foundry for production.
Today, high-performance integrated circuit components are an integral part of automobiles and will be critical in the cars of the future. Industry insiders expect that the cooperation between Samsung Electronics and Hyundai Motor will focus on power semiconductors and microcontroller units, using Samsung’s experience in automotive chip design to producing automotive integrated circuit components using 7nm and below processes.
Foreign media also mentioned in the report that South Korea also intends to promote cooperation between local auto supply chain manufacturers. In May last year, South Korea’s Ministry of Trade, Industry and Energy signed an agreement with Samsung and Hyundai to encourage companies in the local supply chain to cooperate in the field of automotive semiconductors. At the end of last year, a luncheon attended by the heads of six major companies including Samsung, Hyundai, and LG has also considered a meeting for representatives of participating companies to discuss cooperation opportunities.