Himax and Nexchip Sign MoU To Supply IC For Automotive Market By CIOTechOutlook Team

Himax and Nexchip Sign MoU To Supply IC For Automotive Market

CIOTechOutlook Team | Friday, 27 October 2023, 09:13 IST

Himax Technologies, Inc., a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced that it has signed a Memorandum of Understanding (MOU) for Strategic Cooperation with Nexchip Semiconductor Corporation, a China-based semiconductor foundry, for the supply of ICs for the automotive display market, in response to the industry's increasing demand for automotive displays. Mr. Chen Ping-Po, Himax's Executive Vice President of Automotive Display and Touch Operation Unit, signed the MOU on the company's behalf at Nexchip's new plant inauguration event in Hefei, China.

By entering the automotive area, the partnership of Himax and Nexchip takes a significant stride forward in addition to the existing successful collaboration in consumer electronic products over the past several years. The collaboration illustrates Himax’s foundry supply diversification strategy to expand IC supply for the thriving automotive market and further strengthens the Company’s position in it, as per Himax.

The agreement also emphasizes both parties' entire attention in the next years on the automobile business, notably in China. With the advancement of electric cars and vehicle intelligence, the need for displays in smart cockpits continues to rise and move toward large-size, high-resolution, narrow-bezel, curved, and touch-integrated displays.

Himax is essential in allowing all of these functions. Himax is widely regarded in the industry for its leadership position in the car display IC market, and it delivers the industry's widest options, spanning from basic DDIC to revolutionary technologies such as TDDI, local dimming Tcon, LTDI, and AMOLED. Himax is the go-to source for vehicle display solutions due to the holistic product range's complete one-stop-shop product lineup.