Hyundai Motor to Invest in Israeli Automotive Chip Design Company

Hyundai Motor will invest in an Israeli automotive semiconductor design company to speed up the development of future connected cars.

Hyundai Motor said on July 3 that it has reached an agreement with Israel's Autotalks to make a strategic investment in the Israeli company and cooperate in developing automotive communications chipsets. The investment will made in the form of equity investment, with the two sides agreeing not to disclose its size.

Established in 2008, Autotalks develops automotive communications chipsets with integrated wired and wireless network control technology and advanced security solutions. In addition, the company has technology that can meet different V2X (vehicle to everything) standards. Autotalks is recognized as a world-class technology company in V2X semiconductor design. It has already received investment from Toyota of Japan and Samsung Electronics.

Hyundai Motor is planning to work with Autotalks to develop a communication semiconductor chipset optimized for the connected cars it has been developing. Hyundai Mobis and Hyundai Autron will also actively participate in the collaboration process to strengthen their future technology development capabilities.

Hyundai plans to continue collaborating with companies with the highest technology in the field of networking, another core technology for connected cars.