Global and China Automotive Microcontroller Unit (MCU) Industry Report 2024: With Policy Support, the Localization Rate of Automotive MCU will Surge [Yahoo! Finance]
INFINEON TECHS AG S/ADR (IFNNY)
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Source: Yahoo! Finance
With policy support, the localization rate of automotive MCU will surge. Chinese electric vehicle companies are quickening their pace of purchasing domestic chips to reduce their dependence on imported ones and expedite the development of China's semiconductor industry system. According to unofficial goals, the overall penetration rate of homegrown automotive chips will be increased to over 20% in 2025, and state-owned and private automakers are encouraged to buy homemade chips as priority. Amid the long mass production cycle of automotive MCUs and the extremely low localization rate for a long time, the policy support will help local automotive MCUs boom. In January 2024, the Ministry of Industry and Information Technology released the Guidelines for the Construction of the National Automotive Chip Standard System, suggesting that: in 2025, more than 30 key automotive chip standards should be formulated to clarify the basic requirements concerning environment and reliability, el
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