Hyundai has announced it is partnering with semiconductor company Autotalks to develop the next generation of chipsets to enable effective V2X communications.
The strategic partnership is formed through a direct investment. Prior to the investment by Hyundai, Autotalks completed four funding rounds with a total of more than US$80m in investments.
“Connectivity is one of the core technologies that can be applied to smart city business models, as well as autonomous driving and infotainment,” said Yunseong Hwang, director of open innovation business group at Hyundai Motor Company.
Hagai Zyss, CEO of Autotalks, commented, “Having a top global car manufacturer such as Hyundai invest directly in Autotalks is not only a vote of confidence in the company, but a testament to the growing V2X market.
“Hyundai’s pursuit of cutting-edge communication and safety technologies is a perfect match with Autotalks’s leading V2X capabilities. The funding from Hyundai will fuel Autotalks’s technology road map as well as support our customers and partners all over the globe.”
By Illya Verpraet