Leading tech giant and manufacture of chips and consumer electronics Samsung Electronics Co. (KRX: 005930) will be supplying German automotive manufacturer Volkswagen Group (ETR: VOW3) with new advanced auto chips to be used in cars.
These chips will include one which will be mounted on infotainment system developed by electronics company LG Electronics Inc. (KRX: 066570). Samsung made this announcement on November 30 stating that it’s making plans to respond to increasing global demand of chips especially in the car industry.
“Demand is rising for high-tech automotive chips that can handle more entertainment consumption and increased electrical components in cars,” said Samsung.
The chips have been developed by System LSI, which is the logic chip design business of Samsung. The chips have been equipped with a 5G-based telecommunications for downloading high definition video content while on transit, they also have a power management chip for stabilizing electricity supply.
“A third chip, an infotainment processor that can control up to four displays and 12 cameras at once, has been mounted in Volkswagen’s high-performance computer called In Car Application Server (ICAS) 3.1, developed by LG Electronics’ vehicle components business,” added Samsung.