- Chipmaker Nvidia Corp (NASDAQ:NVDA) and key Apple Inc (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC:HNHPF) Foxconn collaborated to develop autonomous vehicle platforms.
- Foxconn will be a tier-one manufacturer, producing electronic control units (ECUs) based on NVIDIA DRIVE Orin for the global automotive market.
- Foxconn-manufactured electric vehicles (EVs) will feature DRIVE Orin ECUs and DRIVE Hyperion sensors for highly automated driving capabilities.
- Also Read: Taiwan Semiconductor Wins Apple, Nvidia As First Customers Of Arizona Plant: Report
- The partnership with Foxconn will allow NVIDIA to scale its efforts further and meet growing industry demand as more transportation leaders select DRIVE Orin for intelligent vehicles.
- In addition, by building EVs on the DRIVE Hyperion-qualified sensor set, Foxconn will speed up its time-to-market and time-to-cost strategies.
- “Our partnership with Foxconn will provide OEMs developing intelligent driving solutions with a world-class supplier that can scale for volume manufacturing of the NVIDIA DRIVE Orin platform,” said Rishi Dhall, vice president of automotive at NVIDIA.
- “Foxconn’s decision to also use the DRIVE Hyperion sensor suite for its EVs will help accelerate their path to production without compromising safety, reliability or quality.”
- Price Action: NVDA shares closed lower by 2.05% at $143.15 on Tuesday.
Wrap Technologies Q4 EPS $(0.13) Beats $(0.14) Estimate, Sales $2.40M Beat $2.09M Estimate
Wrap Technologies (NASDAQ:WRAP) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.14) by 7.14 percent. This is a 30 percent decrease over losses of $(0.10) per share from the
