Hyundai to Develop its Own Chips
Hyundai Motor Co.’s chief operating officer said that the automaker wants to develop its own chips to reduce reliance on chipmakers. A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year.
“The chip industry is reacting very, very fast,” he said, saying Intel is investing a lot of money to expand capacity. “But also in our case, we want to be able to develop our own chips within the group, so we are a little bit less dependent in a potential situation like this. This takes a lot of investment and time, but this is something we’re working on.” He said the company’s parts affiliate Hyundai Mobis would play a key role in the in-house development plan.