(RockedBuzz via Reuters) – Chipmaker Nvidia Corp and electronics maker Foxconn on Tuesday announced a partnership to develop platforms for autonomous vehicles.
Taiwanese contract manufacturer Foxconn said it will produce automotive electronic control units (ECUs) based on Nvidia’s DRIVE Orin chip made specifically for computing in connected and autonomous vehicles.
The ECUs will serve the global automotive market, Foxconn said.
Companies developing electric and autonomous cars have struggled to bring products to market in recent years as they grapple with rising costs and difficulties ramping up production.
Nvidia said its technology, which includes chips to process information from sensors in real time, will help Foxconn overcome some of these challenges.
It sees a $300 billion market opportunity in the automotive industry and reported $251 million in Q3 revenue from the segment.
The chipmaker said the link will help ramp up efforts to meet growing demand for chips made for autonomous and connected vehicles.
Foxconn, which operates a vehicle manufacturing plant in Ohio, said its vehicles will contain ECUs based on Nvidia’s DRIVE Orin and DRIVE Hyperion sensors for autonomous driving.
Taiwan-based Foxconn makes electric vehicles for Lordstown Motors Corp and has a contract to make Fisker Inc’s second car model, PEAR. It also manufactures Apple Inc. products.
The company said in October that it hopes to produce cars for Tesla Inc as it ramps up production of electric vehicles to diversify its business.
(Reporting by Akash Sriram in Bangalore; Editing by Shinjini Ganguli)