The Joint Venture dubbed ‘Silicon Auto’ will supply its innovative 'STLA Brain' electronic and software architecture to Stellantis
A 50-50 joint venture has been formed by electronics contract manufacturer Taiwan and the Netherlands based global automobile firm Stellantis. According to the media reports, the purpose of the JV is to sell and design top-notch semiconductors for the automotive industry from 2026 onwards.
The Joint Venture dubbed ‘Silicon Auto’ will supply its innovative 'STLA Brain' electronic and software architecture to Stellantis, which has been verified in a media statement provided by Foxconn and other customers. The company spokesperson said, “SiliconAuto will provide customers an auto industry-centric source of semiconductors for the growing number of computer-controlled features and modules, particularly those needed for electric vehicles.”
When media approached both the companies, they were yet to provide the accurate financial details of the JV. The initial deal has already been agreed by both the firms back in December 2021 and decided to produce top-notch semiconductors for the global automobile industry. Both Peugeot and Fiat car brands are owned by Stellantis. Semiconductors are now considered to be one of the imperative components in regards to interconnected mobility and in low emission. Although demand for semiconductors have increased tremendously in the past few years, the industry has been in the center of international supply chain imbalance and geopolitical scuffles.
Stellantis Chief Technology Officer Ned Curic said, "Stellantis will benefit from a robust supply of essential components, which is critical to fueling the rapid, software-defined transformation of our products." As per official reports, the joint venture Silicon Auto will be formed in the Netherlands, where Stellantis is also denned. The management team will comprise of executives from both the organizations. Now, other than this, both the firms already have a Mobile Drive JV to develop connected car and in-car technologies for the automobile industry.
