Five European Companies Establish a New Ecosystem for Future Cars
Five European companies including STMicroelectronics have established a new ecosystem for future cars. Their move is related to the recent announcement by the European Union that is trying to raise the degree of self-sufficiency on semiconductors.
According to the industry on Monday, STMicroelectronics, Groupe Renault, Dassault Systemes, Thales, and Atos have created the Software Republique which is a research group that will focus on future automotive technologies.
The five companies have created the group on their own in order to secure competitive edge in future cars within Europe. They expect that mobility businesses to grow explosively in the future and explained that companies from other continents have been establishing their positions in the market by developing new technologies. They also added that it was necessary for them to create an ecosystem in France and other parts of Europe in order to gain leadership in related fields.