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SK hynix expects to conclude a ten-year auto parts contract with Bosch
Many electronics manufacturers see good potential in the automotive sector in light of the growing popularity of electric vehicles, and South Korea’s SK hynix is no exception. According to some reports, she intends to conclude a contract with the Bosch concern for the supply of semiconductor components for a period of ten years.
Image source: SK hynix
The negotiations between the two companies, citing industry sources, were reported by the Korean edition of Pulse News. It is expected that the supply of memory chips will become the main subject of SK hynix’s contract with Bosch, one of the largest manufacturers of auto components. This will be the first long-term contract in the automotive segment for the Korean supplier.
A modern car already contains at least 300 semiconductor components, and with the advent of active driver assistance systems of the third level, this number increases to 2000 positions. On-board infotainment systems are also evolving, they require more and more memory, just like smartphones. This year, TrendForce predicts that the average new car’s on-board memory will reach 4GB, doubling from 2021. By 2024, the figure will grow to 8 GB, and the automotive industry will consume more than three percent of all manufactured RAM, compared to the current one.
Back in 2021, according to Korean sources, SK hynix formed a working group responsible for the strategy of promoting memory chips in the automotive market. It adapts both DRAM and NAND to the needs of this segment. A team of about 100 people not only develops memory chips, but also contributes to their successful certification to industry standards.