Hyundai Mobis, chipmakers forge ties to localize semiconductors for vehicles

Hyundai Mobis has teamed up with local chipmakers and research institutions to establish the nation’s first private-sector-driven automotive semiconductor value chain, the auto parts maker said Monday. The company shared its vision during the inaugural Auto Semicon Korea event in Seoul. A group of 23 companies and research bodies joined the event to discuss future business opportunities in the lucrative chip market for automobiles. The collaboration is the first of its kind in Korea. Hyundai Mobis and key participants — such as Samsung Electronics and SK keyfoundry — shared a common view that local industry players should take immediate steps to localize development for chips used in vehicles, as the industry has so far been driven by overseas firms, particularly in North America and Europe. The participants pledged to form what they call a self-sustaining value chain and create new business models to improve the status quo and gradually increase their global competitiveness. Hyundai Mobis, as a global Tier 1 automotive supplier, will play a crucial role in achieving the drive, asWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times