Hyundai Mobis, South Korea’s largest automotive components manufacturer, held its first Automotive Semiconductor Korea (ASK) summit in Seoul, with the focus on promoting greater collaboration among local companies to strengthen the country’s automotive semiconductor supply chain.
The event was organized by Hyundai Mobis’ president, Lee Gyu-suk, and was attended by 23 companies, including research institutions, automakers, fabless companies, foundries, design houses, packaging companies, design tool specialists, etc.
Among the companies and organizations that attended were Samsung Electronics, LX Semicon, SK keyfoundry, DB HiTek, GlobalFoundries, Dongwoon Anatech, and the Korea Electrotechnology Research Institute (KERI), which Hyundai Mobis expects will “contribute to domestic automotive semiconductor industry development and core semiconductor localization.”
Hyundai Mobis confirmed that the ASK forum will be held annually, and starting next year, participation will be encouraged from startups and existing companies possessing semiconductor-related technologies. The forum will also open its doors to relevant associations and major institutions.
Hyundai Mobis, citing data from an undisclosed global market research firm, stated that the automotive semiconductor market is currently expanding at an average annual rate of 9 %. The market is expected to reach approximately USD 135 billion by 2030, propelled largely by rising demand for infotainment and connectivity systems, advanced driver assistance systems (ADAS), and vehicle electrification — segments that are anticipated to comprise about 70 % of the total market share.
Executive Statement
According to Hyundai Mobis’ president Lee Gyu-suk, securing independent semiconductor design capabilities while pursuing joint development with fabless companies and design houses, and expanding cooperation with major foundries. They actively encourage companies specialized in the home appliances and mobile (smartphone) segments to enter the mobility sector, and through this, they will take the lead in building the domestic ecosystem.
