SAIC Motor and Xinwang Microelectronics jointly develop chips

SAIC Motor and Xinwang Microelectronics jointly developed chips to promote the localization of automotive chips. Through this cooperation model, the two companies hope to break the monopoly of foreign companies on the automotive chip market and enhance the independent research and development capabilities of China's automotive chip industry. The chips developed in this cooperation will be mainly used in automotive electronic systems to improve the safety and intelligence level of automobiles.