Source: Shutterstock

As a part of a strategic collaborative agreement, Foxconn Interconnect Technology (FIT), a subsidiary of Foxconn, has invested US$10 million in Autotalks, an Israeli semiconductor company specialized in V2X (Vehicle-to-Everything) technology.

Since early 2021, Foxconn, the world’s largest electronics contract manufacturer, has taken a series of steps to gain a foothold in the EV industry. In June, it officially launched its MIH open platform, and in October it showcased its first EV prototypes as well as an EV software platform co-developed with Arm. In synergy with its EV strategy, Foxconn has also been active in the semiconductor industry, identifying it as a pillar of its future development.

Autotalks, founded in 2008, has been providing V2X solutions to OEMs, Tier 1 and Tier 2 suppliers. FIT, on the other hand, focuses on the development and manufacturing of electronic and optoelectronic connectors, antennas, acoustic components and cables for a wide range of applications from consumer electronics, factories to automobiles. Among FIT’s customers are Bosch, Mercedes-Benz and Tesla.

Together with FIT, Autotalks will deploy V2X technology to both automotive and micro-mobility applications. While cooperation in the automotive sector will begin next year, the two have already started cooperation in micro-mobility.

Denoting transportation using lightweight vehicles, especially electric scooters and self-service bikes, the micro-mobility industry is predicted by the consultancy firm McKinsey to reach between US$300 billion and $500 billion by 2030. In the context of smart city and AIoT, the concept is subjected to an increasingly interconnected interpretation. Autotalks’ ZooZ platform, for example, builds a road safety network by deploying devices on vehicles and road signs.

The partnership with FIT primarily focuses on the production of Autotalks’ V2X solutions to accelerate its deployment in the micro-mobility segment.

 

References: EETAsia, CTech