Shun On Electronic Co (淳安電子) and Tayih Kenmos Auto Parts Co (大億金茂) yesterday created a joint venture to target the automotive camera market.
The joint venture, Min Yih Electronics Co (敏億電子), is to start mass production of high-end cameras for autonomous driving vehicles in the fourth quarter of next year, Shun On’s parent company Minth Group Ltd (敏實集團) said in a statement.
Minth is a Hong Kong-based investment holding company principally engaged in auto parts businesses.
Shun On acquired a 51 percent stake of FIT Electronics Device Pte Ltd in June last year, allowing it to indirectly acquire technology from Japan’s Sharp Corp,