Hyundai Mobis to Develop Automotive Semiconductors by Acquisition of Hyundai Autron's Division

SEOUL, South Korea, Dec. 14, 2020 — (PRNewswire) — Hyundai Mobis (KRX: 012330) announced that the board of directors approved the acquisition of the semiconductor division of Hyundai Autron. Upon receiving the approval, Hyundai Mobis and Hyundai Autron signed a contract to transfer all related employees and assets. The acquisition cost was $122 million (KRW 133.2 billion).

Hyundai Mobis CI

With this acquisition, Hyundai Mobis plans to develop the capability of designing, developing and verifying semiconductors for vehicles and subsequently differentiate its integrated control technology in the future automotive field.

Hyundai Mobis has faced difficulties in developing system-optimized semiconductors and verifying their quality as controller specification and semiconductor development were not integrated. However, the acquisition is expected to enable the centralized development of semiconductors and controller on system basis, and boost synergy in semiconductor design and control system development.

Hyundai Mobis also plans to shift its focus on developing system semiconductors, power semiconductors and high-performance semiconductors with enhanced development capability in automotive semiconductors. In the future automotive field, which encompasses autonomous driving and electric vehicles, the competitiveness of controller units depends on the performance of the semiconductors meaning that there will be an increase in demand for semiconductors.

In the long run, Hyundai Mobis will be able to strengthen its HW/SW technology and semiconductor development capability and differentiate itself and its technological prowess in the future automotive field.

About Hyundai Mobis

Hyundai Mobis is the 7th largest leading automotive supplier. Founded in 1977 and is headquartered in Seoul, Korea, Hyundai Mobis is to become a lifelong technology partner for vehicles and people.

Hyundai Mobis is excellent in sensors, sensor fusion in controllers and software design capabilities in safety control. Its products also include various electrification components, brakes, suspension, steering, airbags, lights and automotive electronics.

Mobis currently has more than 30,000 employees and has been manufacturing in more than 30 regions in 10 countries. In addition to its R&D headquarters in Korea, Mobis has 4 technology centers in Germany, China, India and the United States.

Media Contact

Jihyun Han (+82-2-2018-6026, jihyun.han@mobis.co.kr)
Choon Kee Hwang (+82-2-2018-5519, ckhwang@mobis.co.kr)

Logo - https://mma.prnewswire.com/media/1166884/hyundaimobis_CI_Logo.jpg

 

Contact:
Company Name: Hyundai Mobis, Hyundai Autron
Financial data for Hyundai Mobis, Hyundai Autron

Featured Video
Jobs
Principal Engineer for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Upcoming Events
World Architecture Festival 2024 at Marina Bay Sands Singapore - Nov 6 - 8, 2024
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
Greenbuild 2024 at Pennsylvania Convention Center Philadelphia PA - Nov 12 - 15, 2024
Digital Construction North (DCN) 2024 at Manchester Central. Manchester United Kingdom - Nov 13, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise