Korea car, chipmakers link up

January 2, 2004 – Samsung, Hynix, and Hyundai Motor are among a group of Korean chipmakers and car manufacturers exploring ways to develop SoCs for use in automobiles.

A total of nine companies have participated in recent talks, according to the Ministry of Commerce, Industry, and Energy (MOCIE) and the Korea Times.

MOCIE cited statistics from Nomura Securities projecting the SoC market for automobiles to grow from $1.26 billion in 2002 to $17 billion in 2007, surpassing the PC market.


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