EINDHOVEN, Netherlands, Aug. 30, 2017 (GLOBE NEWSWIRE/Korea IT Times) -- NXP Semiconductors (NASDAQ:NXPI) today announced that it has entered into a Strategic Cooperation Framework Agreement (“Agreement”) with Changan Automobile. Headquartered in Chongqing, China, Changan Automobile is one of China’s largest car manufacturers and the first Chinese company to achieve long-distance self-driving. The long-term partnership is a multiphase engagement. The first phase is focused on excellence in infotainment, products, solutions and the development of industry standards for future vehicle semiconductors. In the second phase of the partnership, Changan will apply NXP’s Vehicle-to-x (V2X) communication, Near Field Communication (NFC) identification, Advanced Driver Assistance Systems (ADAS), and joint R&D to further transform automobiles into mobile information hubs.
Changan has built its highly popular infotainment system around NXP’s family of i.MX application processors. According to the agreement, Changan will now upgrade its systems to NXP’s next-generation i.MX 8 processors and will also apply the Dirana family of car radio tuners and DSPs (SAF775x), audio amplifiers, power management ICs and CAN transceivers.
These integrations will take Changan’s “InCall” smart infotainment system to the next level, ensuring its market leading position in a competitive market environment.
Quotes
Li Wei, Changan Automobile vice president: “Changan Automobile is a true pioneer in smart connected cars. Seven years ago, we began research and development, constantly promoting cross-border cooperation in key vehicle domains. As the leader in vehicle electronics, NXP has the best technology and R&D resources. With this long-term strategic partnership, Changan Automobile will take a major step forward in establishing itself as an innovation leader the Chinese automobile industry.”
Kurt Sievers, executive vice president and general manager of NXP Automotive: “We are honored to enter this long-term Strategic Cooperation Framework Agreement with Changan Automobile. Both companies share a passionate drive for leading-edge innovation in a fast-changing automotive industry. This move is another milestone in NXP’s long-term commitment to the China automotive market. NXP will continue to collaborate with Chinese partners and foster local industries with customized semiconductor solutions and strong industry cooperation.”
About Changan Automobile / NXP Semiconductors collaboration projects
In September 2016, NXP, together with Changan Automobile and Neusoft, set up the "China Auto Security Common Interests Group" to jointly foster the development of hardware-based automobile safety industry standards and applications, as well as to improve China's automobile information security.
In May 2017, NXP joined the National Intelligent Connected Vehicle (Shanghai) Pilot Zone area, fully supporting the Shanghai Municipality in carrying out the first large-scale car network DSRC technology road test.
About NXP
NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 31,000 employees in more than 33 countries and posted revenue of $9.5 billion in 2016. Find out more at www.nxp.com.
CONTACT: For more information, please contact: Europe / U.S. Jason Deal Tel: +44 7715228414 Email: jason.deal@nxp.com Greater China / Asia Esther Chang Tel: +886 2 8170 9990 Email: esther.chang@nxp.com
