Hyundai Motor plans to develop its own chips

As most OEMs also came out with aggressive plans to go electric, the need for chips has never been stronger.

Aside from Hyundai, Tesla and General Motors have announced plans to produce their own chips and cut out the middle man.

Leigh also said that although many automakers will probably move in the same direction of trying to own their own chip development, it’s not necessarily feasible because they don’t have the expertise and he doesn’t think it will scale.

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