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Hyundai Motor Group chases local chipmakers to cut exposure to shortage

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Reuters

By Heekyong Yang SEOUL (Reuters) -Hyundai Motor Group is in talks with South Korean chip companies to help it reduce reliance on foreign supplies amid a global shortage that has halted assembly lines at automakers around the world, four people familiar with the matter told Reuters. Hyundai officials have met with local “fabless” firms – which design chips but outsource manufacturing to the likes of TSMC and Samsung Electronics Co Ltd – as it explores long-term strategies to better diversify its supply chain, according to two people at local fabless firms who met with Hyundai. The South Korean …

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