The company also plans to upgrade sales networks and increase production in the country. It intends to introduce a new MPV early next year after India recovers from the second wave of COVID-19 impact.

The chipmaker will spend $3.6 billion in the next three years to combat the global chip shortage. The production will happen at an existing UMC facility in the Tainan Science Park from the Q2 of 2023.

The auto industry is struggling to keep up the production as per the market demand owing to a major semiconductor shortage. Increased demand for cars and electronic gadgets is widening the gap.

While there has been huge pressure on automakers and even component suppliers to manufacture fuel efficient vehicles and additionally meet the new challenges of the changing regulations for ICE vehicles, industry is hoping for a support from the government. On one hand it is developing EV ecosystem and on the other the industry meeting new regulatory challenges that government is imposing based on the Paris Pact.

STMicroelectronics, a global semiconductor leader across the spectrum of electronics applications, has announced that it has signed an agreement to acquire a majority stake in French Gallium Nitride (GaN) innovator Exagan.

The acquisition will accelerate ST’s GaN expertise, roadmap and business for high-frequency, high-power automotive, industrial and consumer applications.

This development will help build safer cars its automotive CCUs.

While automotive makers exploring vehicles of tomorrow with advanced control systems like connected car, ADAS and autonomous vehicles there is a need to relook into the test tools.

With automotive industry moving towards electrification and autonomous operation, test engineers face drastically increasing system complexity.