Hyundai Motor Invests in Car Semiconductor Startup 'Bos Semiconductor'

Fabless Company Designing and Developing System Semiconductors

Hyundai Motor Group announced on the 24th that it has decided to invest in the vehicle semiconductor startup Boss Semiconductor, expecting synergy in the future vehicle semiconductor sector. The photo shows executives including Chief Technology Officer Kyungmook Lim (left in the back), CEO Jaehong Park, and Chief Operating Officer Yeonho Jang posing for a photo at Boss Semiconductor's office located in Pangyo Silicon Park. Photo by Kyungmook Lim

[Asia Economy Reporter Kiho Sung] Hyundai Motor Group announced on the 24th that it will invest in the vehicle semiconductor startup Boss Semiconductor, expecting synergy in the future vehicle semiconductor sector.

Boss Semiconductor is a fabless startup (a company specializing only in the design and development of system semiconductors) that designs and develops system semiconductors optimized for customers' vehicle software and requirements.

Founded this year, Boss Semiconductor aims to grow into a global-level fabless company by developing system semiconductors based on essential vehicle semiconductor technologies such as ▲high-performance low-power semiconductor design ▲CPU and graphics ▲high-speed signal interfaces.

Hyundai Motor Group plans to use this investment as an opportunity to comprehensively review optimized vehicle semiconductor technologies needed for new vehicles and to promote cooperation with various semiconductor companies to develop competitive vehicle semiconductors.

This investment was made through Zero One's second fund, an open innovation platform established by Hyundai Motor Group for startup investments.

Zero One's second fund was established in February last year with capital from Hyundai Motor, Kia, Hyundai Motor Securities, and other Hyundai Motor Group affiliates and partners, with the Korea Development Bank and Shinhan Bank participating as investors.

Zero One's second fund actively invests in future new business startups including ▲future mobility ▲eco-friendly vehicles ▲AI ▲connected cars to expand the related ecosystem.

Jiyoung Jo, Head of Innovation at Hyundai Motor Group, stated, “Boss Semiconductor is expected to be one of the important puzzle pieces in Hyundai Motor Group’s future vehicle semiconductor strategy,” adding, “We will continue to cooperate with Boss Semiconductor and also invest in and support other promising startups.”

This content was produced with the assistance of AI translation services.