Netherlands-headquartered NXP Semiconductors announced Wednesday that it has entered into an investment and cooperation agreement with Hawkeye Technology, a Chinese firm which specializes in 77 Ghz radar – a key technology for safe, autonomous driving.
However, the Dutch company did not reveal financial details on this deal.
The two companies will form a collaboration to create NXP-based reference designs for the Chinese automotive market.
China’s automotive radar sensor market is growing at nearly 2 times the world market rate, said NXP, adding that by 2020, radar technology will be in 50% of all newly produced cars.
“The fast development of ADAS (Advanced Driving Assistant System) and autonomous driving technologies has raised new requirements for vehicle-based millimeter radar,” said Hawkeye CEO Alex Shi.
He added that by partnering with NXP, Hawkeye will focus on providing advanced millimeter wave radar system-level solutions as well as comprehensive technical support for its top customers.
Contact the writer at [email protected]
Huawei is in “Battle Mode” (Parts 1 and 2)Huawei is in “Battle Mode” (Parts 1 and 2)
EPIC startups: Early StageEPIC startups: Early Stage
Will China’s coffee vending startups survive Luckin’s offensive?Will China’s coffee vending startups survive Luckin’s offensive?
Google Indonesia’s Henky Prihatna to join NorthstarGoogle Indonesia’s Henky Prihatna to join Northstar
JD.com allows users to tailor-make clothes, pushing the boundaries of mass customizationJD.com allows users to tailor-make clothes, pushing the boundaries of mass customization