SK hynix Inc., South Korea’s second-largest chipmaker, is in talks with German auto parts giant Robert Bosch GmbH over a long-term supply of automotive memory semiconductors, industry sources said Wednesday.
Industry observers believe that SK hynix will bolster its moves to expand its sales in the automotive sector amid a shortage of chips that led to production halts at some global automakers.
Market researcher TrendForce predicted that automotive DRAM applications will account for more than 3 percent of total DRAM bit consumption in 2024 on the growth of autonomous driving technologies.