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Nvidia Corp and electronics manufacturer Foxconn announced a partnership to develop autonomous vehicle platforms.
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Foxconn announced it would manufacture electronic control units for autonomous and connected cars based on Nvidia’s DRIVE Orin chip.
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Foxconn stated that the ECUs would be used to serve the global automotive market.
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Nvidia claimed that its technology, which uses chips to process data from sensors in real time, will assist Foxconn in overcoming some of these challenges.
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It estimates a $300 billion market in the automotive sector. The segment reported a revenue of $251 million in its third quarter.
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According to the chipmaker, the alliance will enable it to increase its efforts to satisfy the growing demand for chips for autonomous and connected cars.
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Foxconn already has a contract to produce Fisker Inc.'s (FSR.N) second car model, PEAR. It also produces Apple Inc (AAPL.O) products.