Foxconn and Stellantis joint venture sets up R&D

Delhi Delhi. Foxconn-backed automotive technology company SiliconAuto has set up its R&D center in Bengaluru, which will focus on semiconductor product design and system-on-chip development for the automotive sector. SiliconAuto is a joint venture between Netherlands-based Stellantis NV and Hon Hai Technology Group (Foxconn).

“This new centre reflects SiliconAuto's commitment to innovation and excellence in the automotive industry. Our India team is poised to advance our vision of a smarter and safer future for transportation. Bangalore, with its rich talent pool and thriving tech ecosystem, is the perfect location for our new design centre,” Jean Liu, CEO, SiliconAuto, said in a statement.

Foxconn India representative Wei Li said in a social media post that the R&D centre is set to accelerate the company's innovative capabilities in developing cutting-edge automotive technologies and solutions for the automotive industry, including Stellantis. Foxconn is in the process of setting up its electric vehicle manufacturing plant and also plans to set up a battery manufacturing unit for electric vehicles.

SiliconAuto said in a statement that the India design centre will focus on the development of next-generation semiconductor solutions for electric vehicles (EVs), autonomous driving and connected car technologies. “With this expansion, SiliconAuto reaffirms its commitment to India as a key market for talent and technological advancements. The company plans to recruit top engineers and designers, further strengthen its team, and contribute to India's fast-growing automotive ecosystem,” the statement said.

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