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elctrnx_lyf
This kind of JV is definitely a win win for both the companies.
peter.clarke
It is not entirely clear. FAW Group has both component subsidiaries and is a car ...
ST forms joint venture with Chinese car maker
Peter Clarke
8/28/2012 5:48 AM EDT
LONDON – Europe's largest chip company STMicroelectronics (Geneva, Switzerland) and Chinese automobile maker FAW Group Corp. (Changchun, China) have formed a joint laboratory to conduct research into multiple aspects of automotive electronics and develop components.
State-owned FAW is China's oldest vehicle maker and produces trucks, buses, special vehicles and sedans. It was established in 1953 and sold more than two million vehicles in 2011.
As part of the deal with ST FAW will adopt ST's microcontrollers (MCUs) and application-specific standard products (ASSPs) and software while the joint venture will research power train, chassis, safety, car body, car infotainment, and new-energy technologies, as well as other automotive applications.
ST's automotive portfolio includes PowerPC-based 32-bit microcontrollers and engine management systems. The ST/FAW lab is expected to develop ICs for engine control, transmission control and power steering.
China has been the world's largest automobile producer for the last three years, according to ST quoting Jun Li, director of the FAW R&D Center.
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kinnar
8/28/2012 6:34 AM EDT
Having this kind of JV between a chip designer/manufacturer and Car Manufacturer will be resulting a better car, as today's automotive vehicles indeed require sophisticated electronic control, this JV will utilize the best of ST and FAW with their own expertise and that will give awesome results.
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Brian @ BDH
8/28/2012 8:41 PM EDT
Yep!
Infineon and Hyundai started their cooperation and opened the Hyundai Infineon Innovation Center back in 2007.
http://www.eetimes.com/electronics-news/4187291/Infineon-Hyundai-cooperate-on-vehicle-electronics-item-1
http://www.infineon.com/cms/en/corporate/press/news/releases/2007/220598.html
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agk
8/28/2012 7:37 AM EDT
Mechatronics Engineers at this new lab will have more opportunities and challenging tasks. The new developments taking at this lab will be interesting. These newly to be developed applications will be released in the ST micro's range of components?
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GREAT-Terry
8/29/2012 2:22 AM EDT
Is the new product developed by this JV be only sold to FAW? If it is the case, I'm afraid FAW still isn't the biggest fish.
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peter.clarke
8/29/2012 9:15 AM EDT
It is not entirely clear. FAW Group has both component subsidiaries and is a car maker. SO it would seem likely that automobile components developed by the JV will likely make their way in to FAW vehicles and be offered to third parties.
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elctrnx_lyf
8/30/2012 7:11 AM EDT
This kind of JV is definitely a win win for both the companies.
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