Hyundai Mobis Partners with Over 20 Companies to Foster the K-Automotive Semiconductor

Core Insights - Hyundai Mobis is leading a collaboration of over 20 companies and research institutions to strengthen the automotive semiconductor ecosystem in Korea, marking the first private-sector-led initiative in this area [1][3][4] - The inaugural 'Auto Semicon Korea' event was attended by 23 companies, including major players like Samsung Electronics and GlobalFoundries, aiming to create a self-sustaining value chain in the automotive semiconductor industry [2][3][5] Industry Development - The automotive semiconductor market is projected to grow at an average annual rate of 9%, reaching approximately $135 billion (about 188 trillion won) by 2030, with Hyundai Mobis' key order items expected to account for about 70% of this market [13] - Hyundai Mobis plans to develop the Auto Semicon Korea forum into a leading platform for the automotive semiconductor industry, encouraging participation from startups and existing companies with semiconductor-related technologies [7][11] Strategic Initiatives - Hyundai Mobis is focusing on securing independent semiconductor design capabilities and fostering cooperation with fabless companies and foundries to enhance the domestic semiconductor ecosystem [6][8] - The company aims to shorten development cycles for automotive semiconductors by integrating them with controllers, potentially reducing development time by nearly two years for electric vehicle drive systems [9][10] Production and R&D - Hyundai Mobis is mass-producing 16 types of semiconductors developed in-house, totaling 20 million units this year, through external foundries [10] - The company has obtained international ISO 26262 certification for its semiconductor R&D process and intends to share its expertise with partners to enhance competitiveness in the domestic market [11][12]