According to reports, SK Hynix may sign a 10-year or longer long-term agreement with auto parts supplier Robert Bosch GmbH to supply automotive-grade memory chips.

The report quoted people familiar with the matter as saying that SK Hynix has established a memory chip supply partnership with automotive suppliers Continental and Hyundai Mobis.

The report said that once the agreement is reached, it will become SK Hynix's first long-term automotive chip supply contract.

As of press date, neither SK Hynix nor Bosch made any official comments.