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19 Oct
13:49

Hyundai eyes semiconductors production to reduce shortages

South Korean carmaker Hyundai Motors plans to develop its own semiconductor production to reduce dependence on suppliers, says global chief operating officer Jose Munoz. "The industry on chips is responding very, very quickly," Munoz said in a Reuters interview. “Intel is investing a lot of money to expand capacity and in our case, too, we want to be able to develop our own semiconductors within the group, so that we are less dependent in another s…
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