Germany's Inova produces ISELED semiconductors through Samsung Electro…
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German fabless Inova Semiconductors GmbH plans to jointly develop smart LED driver chips that drive ISELED products through the services of Samsung Electronics' foundry division and Samsung Electronics' DSP partner CoAsia SEMI.
The three companies announced today that they have agreed to mass produce ISELED smart LED driving chips from Inova, a German automotive semiconductor company. In accordance with Inova's supplier dualization policy, it plans to begin long-term mass production of products already in mass production through the Samsung Foundry fab starting in the fourth quarter of 2024.
Inova's ISELED technology, called 'digital LED', is already being installed in major mass-produced models of many global automakers, including those in Europe, and is gaining market share in the Asian region based on technical advantages such as integrated control and no need for user calibration. is increasing. Inova, which leads the ISELED Alliance, which consists of more than 50 companies including automotive electronics companies and LED lighting and equipment companies, expects to sell more than 1 billion ISELED driver ICs by 26.
Robert Krause, CEO of Inova, said, “At a time when we desperately need to build a stable supply chain to cope with much higher-than-expected demand from global automotive customers, especially in the Asian market, we are joining Samsung and our DSP partner, Core Asia, as additional foundry partners in addition to our existing supply chain. “I’m very happy to be able to do it,” he said.
Ki-bong Jeong, Vice President of Samsung Electronics Foundry Division BD Team, said, “Automotive semiconductors are a field that requires technical stability and reliability based on research and development experience,” and added, “Based on the process technology leadership of Samsung Electronics Foundry Division, we are attracting new automotive customers such as Inova. “I hope they will lead the Inovation and technology development of next-generation future cars,” he said.
Lastly, Shin Dong-soo, President of CoAsia's Semiconductor Business Division, said, “With this contract with Inova, we have established a closer relationship with the German automobile industry,” and added, “We will respond more actively to the increasing demand for various automotive semiconductor applications and create a win-win with Samsung Foundry.” “We will continue to create future value that can be (Win-Win).”
