Electric Vehicles

Foxconn to Use Nvidia Chips for Driverless Cars, EVs

 

Taiwanese electronics manufacturer Foxconn and chipmaker Nvidia joined forces on Tuesday to create platforms for driverless and electric cars.

Foxconn said it will produce electronic control units (ECUs) for cars based on Nvidia’s DRIVE Orin chip, which is designed exclusively for computing in connected and autonomous vehicles.

The ECUs will serve the global automotive market, Foxconn said.

 

Also on AF: Foxconn’s Covid-Hit China iPhone Plant Close to Full Recovery

 

Companies developing electric and autonomous cars have struggled to bring products to the market in recent years as they grapple with rising costs and difficulties in ramping up production.

Nvidia said its technology, which includes chips to process information from sensors in real time, will help Foxconn overcome some of those challenges.

The chipmaker sees a market opportunity of $300 billion in the automotive sector and reported revenue of $251 million in the third quarter from the segment. The tie-up will allow it to scale efforts to meet growing demand for chips made for autonomous and connected vehicles, it added.

Contract manufacturer Foxconn, which operates a vehicle manufacturing facility in Ohio, said its vehicles will contain ECUs based on DRIVE Orin and Nvidia’s DRIVE Hyperion sensors for autonomous driving.

Taiwan-based Foxconn makes electric vehicles for Lordstown Motors and has a contract to make Fisker’s second car model, PEAR. It also manufactures Apple products.

The company said in October it hopes to eventually make cars for Tesla as it ramps up electric vehicle manufacturing to diversify its business.

 

  • Reuters, with additional editing by Vishakha Saxena

 

 

Also read:

Foxconn Invests $500 Million in India iPhone Factory

Nvidia Offers New Chip to China That Meets US Limits

China Firms Work on Alternatives to Nvidia Auto Chips – TechCrunch

US Ban on Nvidia, AMD Chips Could Backfire, Analysts Say

 

 

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at vishakha.saxena@asiafinancial.com

Recent Posts

Mayors of Big Global Cities Calling for Urban Climate Finance

Officials from some of the world's biggest cities are in Washington to lobby for better…

14 hours ago

Trade War Heating Up: China Hits Back After Biden Boosts Tariffs

China announces "anti-dumping penalties" on imports of a US chemical and orders Apple to cut…

18 hours ago

Wall St ‘Steered Billions Into Blacklisted China Firms’ – Nikkei

Chinese companies invested in included the Aviation Industry Corp of China, a defence conglomerate that…

21 hours ago

China Orders Apple to Cut WhatsApp, Threads from App Store

US tech giant said Beijing ordered it to cut the messaging apps because of national…

21 hours ago

Nikkei Slumps, Hang Seng Dips as Middle East Fears Grip

Israel’s missile attack on Iran sent investors heading for safe-haven currencies, gold and crude oil

22 hours ago

Study Shows Half of China’s Big Cities Sinking, Rising Seas Risk

Multi-year satellite study finds 45% of big Chinese cities are subsiding over 3mm a year,…

22 hours ago