SK Hynix and Bosch are close to a long-term agreement on the supply of microcircuits for automotive electronics

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SK Hynix, the second largest manufacturer of memory chips in the world, is close to signing a long-term deal to supply these products to German automotive electronics manufacturer Robert Bosch GmbH.

The companies are in talks to enter into a supply contract of 10 years or more. This was reported by the South Korean publication Maeil Business Newspaper, citing unnamed industry sources. There are no financial details in this post.

The South Korean company already has partnerships for the supply of memory chips with automotive electronics suppliers such as Continental and Hyundai Mobis.

Manufacturers around the world are struggling to secure chip supply amid an unprecedented shortage of semiconductor products.

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