Samsung reportedly developing next-gen automotive semiconductors

The automotive segment has transformed significantly over the past decade. Cars are now smarter and more technologically advanced than ever before, with a particular focus on advanced driver assistance and self-driving features.

All of that requires computing power, and lots of it, presenting an incredible opportunity for companies like Samsung. The Korean giant is already a significant player in the automotive semiconductor industry, and it's now believed to be developing next-gen solutions with two partners.

Samsung has reportedly teamed up with Infineon and NXP to work together on next-generation automotive semiconductors. The demand for automotive high-performance computing chips is only going to go up and Samsung wants to fully capitalize on the opportunity.

This isn't the first time these companies have been linked to Samsung. Up until a few years ago, there was a possibility that Samsung might acquire either the Netherlands-based NXP or the Germany-based Infineon. However, no such deal has materialized yet.

Samsung can draw on its vast experience in the memory and foundry segments to deliver cutting-edge automotive semiconductor solutions. The partnership with these two companies will see automotive chips being developed on Samsung's 5nm process, optimizing co-design of memory and processors, enhanced security features, and improved real-time processing capabilities.

The company is reportedly working on highly integrated system-on-chip solutions for this segment for better power efficiency. Analyst project the automotive chip market to grow at more than 15% annually for the next five years, presenting a significant opportunity for Samsung to tap into this growing industry.