Hyundai accelerates automotive chip localization as China advances

Hyundai Motor is standardizing chip specs and diversifying suppliers to cut reliance on overseas vendors and lower EV costs. At the ASK forum on Oct. 21, VP Kim Jong-sun noted China now makes its own autonomous-driving SoCs, while the top five overseas firms hold 74% of the automotive SoC market and 96% of the converter market.

• Top five firms hold 74% of automotive SoC market and 88% of MCU market
• TI and ADI together account for 85% of automotive converter market
• Power semiconductors make up 40–60% of power module cost in EVs
• Hyundai and Kia expand SiC chips from 800V to 400V systems