SemiDrive aims to nab 20% share in China’s automotive chip market by 2025

Published: Jan 18, 2024 16:09
Source: gasgoo
Chinese automotive chip supplier SemiDrive announced at an event on January 16 that by the end of 2023, the company has secured nearly 200 production designation projects, serving over 90% of the Chin...

Beijing (Gasgoo)- Chinese automotive chip supplier SemiDrive announced at an event on January 16 that by the end of 2023, the company has secured nearly 200 production designation projects, serving over 90% of the Chinese automakers and achieving a cumulative production of over 3 million units of chips across nearly 40 mainstream vehicle models.

Among the top 15 hotter-selling SUVs under China’s indigenous brands in 2023, 40% of the models featured SemiDrive's chipset, the company claimed. Additionally, SemiDrive dominated the top three production models in the mid-to-large SUV segment under China’s wholly-owned brands. The company demonstrated its global influence with partnerships in half of the top ten Chinese automotive brands regarding full-year vehicle exports in 2023.

Looking ahead, SemiDrive is set to introduce innovative products such as next-generation cockpit and driving integrated chips, along with advanced high-performance MCUs for domain controllers. The company is committed to deepening its presence in the domestic market, targeting a 20% market share by 2025, while also expanding its footprint overseas.

As the first Chinese intelligent automotive chip enterprise with a holistic approach, SemiDrive boasts a professional team with 20 years of experience in automotive chipset R&D and production. They have successfully built a comprehensive product matrix covering intelligent cockpits, advanced driver assistance systems (ADAS), central gateways, and high-performance MCUs, aiming to establish a technological foundation for smart vehicles.

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