SAIC Motors and Xinwang Microelectronics cooperate to develop automotive chips

SAIC Motor and Xinwang Microelectronics have started a close cooperation to jointly develop chip products suitable for automotive electronic systems. This cooperation aims to promote the localization of automotive chips, break the monopoly of foreign companies on the market, and enhance the independent research and development capabilities of China's automotive chip industry. The chips developed in cooperation will be used to improve the safety and intelligence level of automobiles.