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Chinese firms ramp up R&D in auto chips amid shortage chill Zhang Hongpei Published: Mar 10, 2021 09:28 PM An engineer analyzes chips at a chip factory in Nantong, East China s Jiangsu Province in February. Photo: VCG More Chinese companies are beefing up efforts in the design and production of vehicle chips amid increased awareness of the need to build an independent supply chain for core components as carmakers reel from the global chip shortage. Shanghai-based start-up ChipON Micro-Electronic Co announced on Wednesday that it secured B round financing of 300 million yuan ($46 million) led by China Fortune-Tech Capital and SAIC Hengxu. This round also introduced two investors that are engaged in the vehicle industry chain in a move to integrate resources in the upstream and downstream to improve market competitiveness. ....
Chip shortage slams brakes on car sector Zhang Hongpei Published: Jan 13, 2021 09:33 PM The automated production line at a car factory in Shenyang, Northeast China s Liaoning Province. Meng Wei, spokesperson from National Development and Reform Commission said recently that China s auto production and sales will reach about 25 million in 2020, and China s auto industry is expected recover to the previous year s level. Photo: IC
After rebounding from the fallout of the COVID-19 pandemic at a speed beating most carmakers original expectations, China s auto industry now faces a new dilemma - tightening supplies of semiconductors, which serve a key role as a vehicle s brain from controlling acceleration to steering and braking. ....