Foxconn

Stellantis and Foxconn partnering on automotive semiconductor business

By Michael J. Moody 6 months ago

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Stellantis and Foxconn will co-develop a new line of automotive semiconductor chips partly aimed at improving future supplies of the critical component, the companies announced Tuesday.

Stellantis is teaming up with Foxconn on new semiconductor chips. (REUTERS/Pascal Rossignol)

“With Foxconn, we aim to create four new families of chips that will cover over 80% of our semiconductor needs, helping to significantly modernize our components, reduce complexity, and simplify the supply chain. This will also boost our ability to innovate faster and build products and services at a rapid pace,” Stellantis CEO Carlos Tavares said.

The chips will be made available to third-party customers and will enter production by 2024. Details on planned investments and manufacturing locations were not immediately released.

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Stellantis is developing the chips to help it integrate new software platforms for its

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Odds are stacked against Foxconn in electric car market

By Michael J. Moody 1 year ago

SINGAPORE — When Apple seized leadership of the consumer device industry with the introduction of the iPhone in 2007, it created the conditions for a host of Asian tech names to grow in its wake. From assemblers such as Foxconn to apps such as Didi Chuxing, Asian companies rapidly grew to become significant players in the global tech industry.

Fourteen years later, some of these same Asian names are coming in behind another big U.S. tech name, Tesla. They hope electric vehicles will do for them now what smartphones did a decade or more ago.

Xiaomi, a Chinese smartphone maker still building a brand outside its home market, is the latest, saying in March that it would set up a wholly owned unit to build “smart electric vehicles” and invest $10 billion in the next 10 years. Xiaomi founder and CEO Lei Jun will lead the unit.

Early this year,

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Taiwan’s Delta Joins Foxconn in Betting on Electric-Car Riches

By Michael J. Moody 1 year ago
Yancey Hai

Yancey Hai

Photographer: Debby Wu/Bloomberg

Photographer: Debby Wu/Bloomberg

Delta Electronics Inc. predicted rapid growth at its fledgling electric-vehicle component business for this year and beyond, joining a bandwagon of Taiwanese suppliers bulking up their automotive muscles as tech giants including Apple Inc. venture into the car market.

“Our EV-related business will grow at least at a double-digit rate over the next few years,” Delta Chairman Yancey Hai said in an interview on Wednesday. “We will further integrate our existing power products into modules and optimize them to make it easier for EV makers to build their vehicles.”

Automotive customers accounted for a small fraction of Delta’s revenue in 2020, but are becoming increasingly important for growth. Delta and peers including Foxconn Technology Group are betting on electric cars as the next big thing as demand for PCs and smartphones, the main products that the Taiwanese suppliers have long depended

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Apple Partner Foxconn to Form EV Partnership With Fisker

By Michael J. Moody 1 year ago

(Bloomberg) — Foxconn Technology Group will develop an electric vehicle with Fisker Inc., part of the manufacturer’s efforts to boost its automotive capabilities at a time when technology companies including its main customer, Apple Inc., are looking to expand in vehicles.

The car will be built by Foxconn, targeted at multiple markets including North America, Europe, China and India, and sold under the Fisker brand, according to a joint statement from the companies Wednesday. Production is set to start in the fourth quarter of 2023.

Fisker is looking to break new ground with its second planned model. The startup plans to make a vehicle that doesn’t fit into an existing segment, like a sedan or SUV. Its partnership with Foxconn, a Taiwanese smartphone maker which is new to the auto business, is pinned on hopes that the collaboration will bring innovative manufacturing.

“The auto industry is very stale,” company founder

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