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Stellantis & Foxconn Create JV to Supply Semiconductors to the Automotive Industry
Stellantis N.V. and Hon Hai Technology Group (Foxconn) have announced the creation of SiliconAuto, a 50/50 joint venture (JV) dedicated to designing and selling a family of semiconductors to supply the automotive industry, including Stellantis, starting in 2026. The JV combines Foxconn’s development capabilities and domain expertise in the ICT industry with Stellantis’ deep understanding of mobility needs around the world.
SiliconAuto will provide customers with a source of semiconductors for the growing number of computer-controlled features and modules, particularly those needed for electric vehicles.
Products from SiliconAuto will support the future semiconductor needs of Stellantis, Foxconn and other customers.
SiliconAuto will be headquartered in the Netherlands.
The management team includes executives from both founding partners.
In addition to SiliconAuto, Stellantis and Foxconn have the Mobile Drive joint venture focused on developing smart cockpits enabled by consumer electronics, human-machine interfaces and services.
Stellantis Chief Technology Officer, Ned Curic, says: “Stellantis will benefit from a robust supply of essential components, which is critical to fueling the rapid, software-defined transformation of our products. Our goal is to build vehicles that seamlessly connect with our customers’ daily lives and deliver class-leading capabilities years after they leave the assembly line. With this joint venture, we can create purpose-built innovations with an efficient partnership.”
“We look forward to a future of extraordinary EV mobility underpinned by the vertical integration capabilities and resources SiliconAuto secures for our partners,” adds Foxconn Chief Product Officer, Jerry Hsiao. “The collaborative energy will propel our customers to become more competitive.”
SiliconAuto is the product of a December 2021 agreement between Stellantis and Foxconn to develop a family of semiconductors for automotive applications.