Accra:Seoul Hyundai Mobis Co., an affiliate of Hyundai Motor, announced plans to enhance partnerships with local companies to develop a domestic semiconductor ecosystem for the automotive industry, integrating chip development with vehicle applications.
According to Yonhap News Agency, the company revealed its strategy at the second Auto Semicon Korea (ASK) forum in Bundang, south of Seoul. This plan involves establishing a comprehensive semiconductor supply chain, covering aspects from chip design and software development to manufacturing, testing, and mass production. Hyundai Mobis, along with Hyundai Motor and LG Electronics, has formed an automotive semiconductor task force. The aim is to strengthen South Korea's domestic supply chain, reduce reliance on imported chips, and speed up the commercialization of locally developed technologies.
Hyundai Mobis CEO Lee Gyu-suk emphasized the company's role as a major customer of automotive semiconductors, stating that they will actively share their expertise to build a cooperative framework. This framework is intended to unite the strengths of individual companies, supporting the entire process from development and testing to mass production, so that no single company bears the high entry barriers of the automotive semiconductor industry alone.
The initiative is part of Hyundai Mobis' broader strategy to move beyond individual chip development and establish a demand-driven ecosystem that connects semiconductor manufacturers and automakers through various stages of development and production. The company aims to collaborate with domestic chip designers, foundries, and testing institutions to create semiconductors tailored for electric vehicles, software-defined vehicles (SDVs), and autonomous driving systems.
Currently, Hyundai Mobis mass-produces 16 types of in-house-developed system semiconductors. These include chips used for power management, motor control, communications, sensing, and data processing, with an annual production of approximately 20 million units through external foundries.