Hon Hai Precision Industry Co (鴻海精密) on Wednesday said it is deepening its partnerships with automotive chip supplier NXP Semiconductors NV to adopt more chips and technologies in its next generation of electric vehicle (EV) development.
Hon Hai said it has adopted NXP chips in its first electric sedan, dubbed Model C, and plans to use more chips in two new electric models to be unveiled in October.
Hon Hai said it would ramp up production of the Model C in Taiwan in the first half of next year.
Photo: Fang Wei-jie, Taipei Times
Hon Hai’s EVs are developed by Foxtron Vehicles Technologies Co (鴻華先進), a joint venture between Hon Hai and Yulon Motor Co (裕隆汽車).
Hon Hai, the world’s largest iPhone maker, on Wednesday signed a memorandum of understanding with NXP Semiconductors to jointly develop platforms for a new generation of smart-connected vehicles.
The strategic partnership is to involve a broad suite of applications that includes more than 10 automotive products in its first stage, and is soon to begin development, the company said. That is different from NXP’s cooperation with Foxconn Industrial Internet Co Ltd (富士康工業互聯網) in developing smart cockpit solutions.
The collaboration between Hon Hai and NXP is also to include next-generation platforms such as cybersecurity, connectivity using the latest NXP S32 domain, and vehicle networking control, while also advancing secure car access with Bluetooth Low Energy and ultra-wideband, Hon Hai and NXP said in a joint statement.
NXP has also joined the MIH electric vehicle platform, an open platform initiated by Hon Hai.
Hon Hai aims to duplicate Taiwan’s success in the electronics sector in its efforts to build EVs, by swiftly integrating new technologies to introduce new hardware and other products, Hon Hai chief product officer Jerry Hsiao (蕭才祐) told reporters on the sidelines of a news conference in Taipei on Wednesday.
“The cooperation with NXP will allow us to engage in the development of new technologies and new solutions in the early stage of the collaboration, leading to shorter time-to-market,’ Hsiao said.
Such partnerships are crucial in developing next-generation vehicles, given that an open ecosystem significantly reduces manufacturing costs and shrinks time to market, he said.
That is different from conventional practice in the auto industry, where automakers operate their own closed supply chains, he added.
VALUABLE STOCK: The company closed at NT$1,005 a share, on demand for AI and HPC chips, and is expected to issue a positive report during its earnings conference Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares rose 2.66 percent to close at a record high of NT$1,005 yesterday. as investors expect the company to continue benefiting from strong demand for artificial intelligence (AI) and high-performance computing (HPC) chips. TSMC is the 19th member of the local bourse’s NT$1,000 stock club, which includes smartphone chip designer MediaTek Inc (聯發科) and electric transformer manufacturer Fortune Electric Co (華城電機). Yesterday’s rally swelled TSMC’s market capitalization to NT$26.06 trillion (US$802.3 billion) and contributed about 211 points to the TAIEX, which closed up 350.1 points, or 1.51 percent, to 23,522.53, another record high, Taiwan Stock
The waves of the Aegean Sea lap gently at the tables and chairs of two beach restaurants on Greece’s Halkidiki peninsula. It is an idyllic scene, but one that is totally illegal. Like many others in Greece, the two establishments on Pefkochori Beach do not have a license to set up shop so close to the water. After a wave of protests last summer by locals about bars and restaurants illegally covering beaches with sunbeds and tables, the Greek state is taking action. It is cracking down on rogue tourist practices with surveillance drones, satellite imagery and a special app
South Korea’s SK Hynix Inc, the world’s No. 2 memorychip maker, is to invest 103 trillion won (US$74.6 billion) through 2028 to strengthen its chips business, focusing on artificial intelligence (AI), its parent SK Group said yesterday. SK Group also said it plans to secure 80 trillion won by 2026 to invest in AI and semiconductors as well as fund shareholder returns, while streamlining its more than 175 subsidiaries. The sprawling conglomerate outlined the plans following a two-day strategy meeting, aiming to revive the group after SK Hynix, its main money maker, and the group’s electric vehicle battery arm suffered heavy losses. SK
Luxgen Motor Co (納智捷汽車), a subsidiary of Yulon Motor Co (裕隆汽車), yesterday said it is again offering a NT$100,000 discount for its entry-level n7 electric vehicle models. The n7’s price has gone down from NT$1.099 million to NT$999,000, Luxgen said, adding that there are 25,000 preorders for the model. MG Motor’s electric hatchback, the MG4, entered the market in the middle of last month, with a starting price of NT$990,000. China Motor Corp (中華汽車), which distributes MG vehicles in Taiwan, said it aims to sell 1,600 MG4s this year. MG, originally a British brand, was acquired by China’s SAIC Motor