2021 BRN Discussion, page-26556

Hyundai will now start developing their own chips for their cars. Could be nothing but there have been some reasonable dot joins in the past regarding them and neuromorphic computing / BRN. They're using the global chip shortage as their official reason but that could be a cover.

Pure speculation, DYOR

https://www.reuters.com/technology/hyundai-motor-says-it-wants-develop-chips-cut-reliance-chipmakers-2021-10-13/

SAN FRANCISCO, Oct 13 (Reuters) - Hyundai Motor's (005380.KS) global chief operating officer said on Wednesday the South Korean automaker wants to develop its own chips to reduce reliance on chipmakers.

A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year. read more

Hyundai temporarily suspended some factories, but the company’s global COO Jose Munoz told reporters the worst has passed for the industry chip shortage, adding Hyundai had the "toughest months" in August and September.

"The (chip) industry is reacting very, very fast," Munoz said, adding Intel (INTC.O) is investing a lot of money to expand capacity.

"But also in our case, we want to be able to develop our own chips within the group, so we are a little bit less dependent in a potential situation like this," he said.

"This takes a lot of investment and time, but this is something we're working on."

He said the company's parts affiliate Hyundai Mobis (012330.KS) would play a key role in the in-house development plan.