Market Chatter: LX Semicon Completes First Supply of Automotive Chips to Hyundai Motor, Kia

MT Newswires Live08-10

LX Semicon (KRX:108320) completed the first supply of its automotive microcontroller unit to South Korean automakers Hyundai Motor (KRX:005380) and Kia (KRX:000270), marking a significant step in its automotive business.

The company has started the mass production of the LX61101, an MCU optimized for motor control in automotive body electronics, The Korean Times reported Monday.

The new chips will initially be used in Hyundai Motor and Kia vehicles scheduled to enter production in the second half of this year and are expected to be expanded to more models, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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