Recently, China’s MCU producer Nuvoton has decided to invest $20 million in Autotalks, an Israeli car network chip maker.
Fan Xiangyun, deputy general manager of Nuvoton, said that the board of directors decided to invest in Autotalks, with a shareholding ratio of approximately 7.14%. Nuvoton said that investing in Autotalks is in line with the company’s long-term investment decision.
Founded in 2008, Autotalks specializes in the development of autonomous vehicle networking communications. It is headquartered in Israel and has offices in North America, China, Germany, France, Japan and Korea. Its shareholders include Samsung and Hyundai, and its partners include automotive-related manufacturers such as Audi, Ducati, Bosch and Toyota. In addition, Autotalks announced in February that it has partnered with IC Designs MediaTek to integrate the global V2X chipset into the Telematics Control Unit (TCU) through MediaTek’s car-grade modem chip to create a safe and reliable and cost-effective global TCU architecture.
According to reports, Autotalks is actively expanding the Chinese market, and work with partners from mainland China to build a car IoT ecosystem.