Not just chip manufacturing, Foxconn is also interested in software
Although Foxconn is one of the giants in the manufacturing of electronic components, in October 2020, the company demonstrated that it also seeks to have an impact at the software level in the automotive sector through MIH, its open software platform for electric vehicles.
“Our vision at Foxconn is to work with leading customers around the world to create an interconnected world with smart technologies. We do this by providing cutting-edge technology solutions to our customers and partners, in turn supporting them to provide products with the highest value to their customers,” said Young Liu.
MIIH is an open software platform that allows developers to access key technologies and tools for the electric vehicle environment and reduces barriers to entry into the industry, with the aim of encouraging more companies to get involved in the development of this type of vehicle. automobiles to grow the industry.
Since 2020, Foxconn’s goal is to position MIH as the “Android system of the electric vehicle industry” as well as work with other industry partners to create an open “software-defined” ecosystem for the vehicle manufacturing industry. electrical.
Foxconn on the lookout for the merger between Nissan and Honda
The end of 2024 in the automotive industry has had interesting movements. Nissan and Honda are in talks to merge by 2026, creating the world’s third largest automobile group after Toyota, marking a turn for the industry amid tough competition.
This represents an important turn for the industry and its competition, since with this both firms could share resources and confront electric vehicle manufacturers such as Tesla and Chinese assembly companies.
Foxconn, for its part, also enters this equation, since after reports of rapprochement between both companies, it has paused its intention to acquire Nissan, since they want to wait if the Japanese brands will really move towards an agreement before deciding their next move. , according to media reports such as Bloomberg.
It’s unclear whether Nissan has entered into talks with Foxconn or has already been rebuffed, but it likely couldn’t outbid Honda in a takeover battle given the ties between the two companies, the US business outlet reported.
The merger of Honda, Japan’s second-largest automaker, with Nissan, the third-largest, would be the biggest shakeup of the global auto industry since Fiat Chrysler Automobiles and PSA merged in 2021 to create Stellantis in a $52 billion deal. dollars.
“The rise of Chinese automakers and new players has changed the auto industry quite a bit,” said Honda CEO Toshihiro Mibe, citing technological trends of electrification and autonomous driving. “We have to develop capabilities to fight them in 2030, otherwise we will be defeated.”
The two companies would aim to achieve combined sales of 30 trillion yen, equivalent to about $191 billion, and operating profits of more than 3 trillion yen through the potential merger.
Add Comment