Nvidia & Foxconn Partner to Build Autonomous EVs

AI chipmaker Nvidia has announced a partnership with Taiwanese electronics manufacturer Foxconn to build autonomous vehicle platforms at the Consumer Electronic Show (CES) 2023. Foxconn will manufacture electronic control units (ECUs) for cars based on Nvidia's DRIVE Orin chip and DRIVE Hyperion sensors for self-driving vehicles. The chip is made specifically for computing in connected autonomous vehicles. Nvidia estimates a $300 billion market opportunity in the automobile industry, where it generated $251 million in revenue in the third quarter. Nvidia strives to use its technology to aid Foxconn in overcoming shortcomings like upgrading production and higher costs.