MILAN (Reuters) - Stellantis and Taiwan's Hon Hai Technology Group (Foxconn) today announced the creation of SiliconAuto, a 50-50 joint venture that, starting in 2026, will design and sell a family of cutting-edge semiconductors for automotive industry players, including Stellantis.

The joint venture combines Foxconn's development capabilities and expertise in the Ict sector with Stellantis' deep understanding of the world's diverse mobility needs, the statement added.

SiliconAuto will provide its customers with semiconductors explicitly designed for the automotive sector needed to operate the many computer-controlled modules and functions that are particularly important in electric vehicles.

(Giancarlo Navach, editing Francesca Piscioneri)