Foxconn is a company that many of us know for producing Apple products. However, it also invests in a wide range of other industries, including electric vehicles. In fact, the company recently announced that it would be establishing an electric vehicle factory in India and investing a billion dollars into the country. Now, Foxconn has announced a joint venture called SiliconAuto with Stellantis to design and sell semiconductors for the automotive industry. Here are the details…
SiliconAuto to Develop Semiconductors for the Automotive Industry
Stellantis and Foxconn are creating a joint venture to design and sell semiconductors for the automotive industry. The joint venture, called SiliconAuto, will be based in the Netherlands and will be equally owned by the two companies. SiliconAuto will focus on developing semiconductors for the growing number of computer-controlled features and modules in vehicles, especially those needed for electric vehicles.
The joint venture will also provide a robust supply of essential components to Stellantis, which will help the automaker to meet its goal of becoming a software-defined company. “This joint venture with Foxconn is a major step forward in our ambition to become a leader in the software-defined vehicle era,” said Ned Curic, chief technology officer of Stellantis. “SiliconAuto will provide us with a secure and sustainable source of semiconductors, which is essential to our ability to deliver on our product roadmap.”
“We are excited to partner with Stellantis to create SiliconAuto,” said Young Liu, chairman of Foxconn. “This joint venture will combine our strengths in semiconductor design and manufacturing to create a new global leader in automotive semiconductors.” SiliconAuto is expected to begin operations in 2026. The joint venture will create new jobs in the Netherlands and other countries.
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