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Nvidia Corp and Foxconn announced a collaboration on Tuesday to develop autonomous vehicle platforms.
Foxconn, a Taiwanese contract manufacturer, announced that it will produce electronic control units (ECUs) for automobiles based on Nvidia’s DRIVE Orin chip, which is designed specifically for computing in connected and autonomous vehicles.
According to Foxconn, the ECUs will be used in the global automotive market.
Companies developing electric and self-driving vehicles have struggled to bring products to market in recent years due to rising costs and difficulties ramping up production.
Nvidia claims that its technology, which includes chips that process data from sensors in real-time, will assist Foxconn in overcoming some of these challenges.
It sees a $300 billion market opportunity in the automotive sector and reported $251 million in revenue from the segment in the third quarter.
The chipmaker stated that the collaboration will allow it to scale its efforts to meet the rising demand for chips designed for autonomous and connected vehicles.
Foxconn, which has a vehicle manufacturing facility in Ohio, stated that its vehicles will include ECUs for autonomous driving based on DRIVE Orin and Nvidia’s DRIVE Hyperion sensors.
Foxconn, based in Taiwan, manufactures electric vehicles for Lordstown Motors Corp and has a contract to manufacture Fisker Inc’s second car model, PEAR. It also produces Apple Inc products.
In October, the company stated that it hopes to eventually manufacture cars for Tesla Inc. as it ramps up electric vehicle manufacturing in order to diversify its business.
