Earlier this week, Hyundai Motor’s chief operating officer said the company plans to develop its own chips. The move comes amid a global chip shortage as the company seeks to reduce its dependence on chip makers.
For those who don’t know, the world is facing a shortage of semiconductors, which is affecting various industries across the globe, including the automotive industry. The shortage has even resulted in some car manufacturers halting production completely due to supply constraints. Now South Korean car manufacturer Hyundai is apparently trying to develop its own chips to reduce its dependence on chip manufacturers. This news comes after the company saw its “toughest months” in August and September 2021.