South Korea's SK Hynix near deal to supply auto chips to Germany's Bosch

The two companies are directly engaged in talks for SK Hynix to supply Bosch with auto memory chips for 10 years or more.
By : Reuters
| Updated on: 07 Apr 2021, 09:22 AM
The South Korean company has memory chip supply partnerships with auto suppliers Continental and Hyundai Mobis. (Bloomberg)
The South Korean company has memory chip supply partnerships with auto suppliers Continental and Hyundai Mobis. (Bloomberg)
The South Korean company has memory chip supply partnerships with auto suppliers Continental and Hyundai Mobis. (Bloomberg)
The South Korean company has memory chip supply partnerships with auto suppliers Continental and Hyundai Mobis.

SK Hynix Inc, the world's second-largest memory chip maker, is close to signing a long-term deal to provide automotive memory chips to German auto supplier Robert Bosch GmbH, South Korean newspapers reported.

The two companies are directly engaged in talks for SK Hynix to supply Bosch with auto memory chips for 10 years or more, Maeil Business Newspaper reported late on Tuesday, citing unnamed industry sources. The reports did not mention financial details.

Trending Cars

Find More Cars

SK Hynix declined to comment. Bosch did not have an immediate comment.

The South Korean company has memory chip supply partnerships with auto suppliers Continental and Hyundai Mobis, a source with knowledge of the matter said, declining to be identified as the agreements are confidential.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Companies globally are struggling to secure chip inventory due to an unprecedented shortage of semiconductors, forcing governments to introduce policies bolstering local chip industries.

First Published Date: 07 Apr 2021, 09:22 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city