Hyundai Motor set to use internally developed chip for upcoming car -media report

MagnaChip Semiconductor

03/09/2021 12:21

SEOUL, Sept 3 (Reuters) - South Korea's Hyundai Motor Co
 005380.KS  plans to use an auto chip it has developed itself
for one of its upcoming vehicles next year, the Seoul Economy
Daily reported on Friday. 
    Hyundai Motor, which together with affiliate Kia Corp
 000270.KS  is among the world's top 10 biggest automakers by
sales, plans to internally develop a silicon carbide technology
based power chip, the newspaper said, citing an unnamed industry
source.
    A shortage of chips made by semiconductor companies, fuelled
by pandemic interruptions and production issues at chip
factories, have forced automakers halt production and reduce
work shifts amid concerns that shortages could continue.
    Hyundai's research centre and its auto parts affiliate
Hyundai Mobis Co Ltd  012330.KS  led the chip design process and
cooperated with multiple companies, including system chip
manufacturer Magnachip Semiconductor Corp  MX.N , the newspaper
said. 
    “We are aiming to apply our internally developed power chip
to a new car to be launched in the second quarter of next year,”
an unnamed Hyundai Motor official told the newspaper, without
naming the vehicle. 
    The Seoul Economy Daily said the new vehicle model adopting
the chip could be the Ioniq 6, Hyundai's dedicated electric car
expected to be launched next year. Hyundai told the newspaper
that the chip production date has not been decided
    Hyundai Motor did not have immediate comment. 
    In June, Reuters reported that Hyundai and its affiliates
are in talks with local chip companies to reduce reliance on
foreign supplies.  urn:newsml:reuters.com:*:nL2N2NY078
    

 (Reporting by Heekyong Yang, Editing by Louise Heavens)
 ((Heekyong.Yang@thomsonreuters.com;))