Key Points
- Stellantis and Foxconn have formed a 50/50 joint venture called SiliconAuto to design and supply state-of-the-art semiconductors for the automotive industry, including electric vehicles.
- The collaboration between the two companies combines Foxconn’s expertise in the ICT industry with Stellantis’ understanding of diverse mobility needs, aiming to provide an auto industry-centric source of semiconductors and fuel the software-defined transformation of Stellantis’ products.
Stellantis N.V. and Hon Hai Technology Group, commonly known as Foxconn, have announced the establishment of a 50/50 joint venture called SiliconAuto. This collaboration aims to design and distribute cutting-edge semiconductors specifically for the automotive industry, including Stellantis, starting in 2026.
SiliconAuto brings together Foxconn’s expertise and development capabilities in the ICT (Information and Communications Technology) sector with Stellantis’ comprehensive understanding of diverse mobility requirements worldwide. The joint venture will serve as a specialized source of semiconductors for the automotive sector, catering to the increasing demand for computer-controlled features and modules, especially in electric vehicles.
The product range offered by SiliconAuto will meet the future semiconductor needs of Stellantis, Foxconn, and other customers. This includes STLA Brain, an advanced electrical/electronic and software architecture developed by Stellantis, featuring full over-the-air updating capabilities.
Ned Curic, Stellantis’ Chief Technology Officer, emphasized the significance of a reliable supply of essential components for their product’s software-defined transformation. He stated that the joint venture enables them to build vehicles that seamlessly integrate into customers’ daily lives and deliver exceptional capabilities for years after leaving the assembly line.
Jerry Hsiao, Foxconn’s Chief Product Officer, expressed anticipation for an extraordinary future in electric vehicle mobility empowered by SiliconAuto’s vertical integration capabilities and resources. He believes that this collaboration will enhance the competitiveness of their customers.
SiliconAuto’s headquarters will be based in the Netherlands, and its management team will comprise executives from both Stellantis and Foxconn. Stellantis will provide input to SiliconAuto to enable and deliver the necessary capabilities for future battery electric vehicles and multi-energy vehicle platforms.
The establishment of SiliconAuto is a result of an agreement made in December 2021 between Stellantis and Foxconn to develop a range of semiconductors for automotive applications. In addition to SiliconAuto, the two companies also have the Mobile Drive joint venture, which focuses on the development of smart cockpits incorporating consumer electronics, human-machine interfaces, and services.
About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.
About Foxconn
Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 20 among the Fortune Global 500. In 2022, revenue totaled TWD6.62 trillion (approx. USD220 billion or EUR200 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 173 campuses across 24 countries and is one of the world’s largest employers with over a million employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. To learn more, visit www.honhai.com
