AutoChips, a wholly owned subsidiary of giant Hefei AutoChips, has completed its fundraising for NavInfo – the Chinese smart mobility and mapping company – reaching a total of € 1.31 billion. The most significant share of this capital increase went to the Chinese smartphone giant Oppo which, unlike the rival houses Huawei and Xiaomi, does not seem willing to enter directly into the production and sale of cars, but rather to preside over the rich component sector. ‘noble’ as the automotive MCU semiconductors.
The deepening
Why the microchip crisis slows down car production
by Vincenzo Borgomeo
Already at the end of 2018, Wuhan AutoChips started producing very complex microchips on its own. And thanks to its technological innovations – aimed at autonomous driving, connectivity and vehicle control – Wuhan AutoChips has to date partnered with more than 100 key customers in the sector, including Changan Auto, Great Wall Motor, Li Auto, Saic, Nio, BYD, Changan and numerous first tier suppliers.
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