Shanghai (ZXZC)- On June 6, a strategic cooperation agreement signing ceremony was held between SAIC-GM-Wuling (“SGMW”) and CETC (the abbreviation of "China Electronics Technology Group Corporation") Chip as the two parties had in-depth discussions on the development of the chip industry, corporate development, and future collaboration planning based on the "2+N+X" cooperation framework, according to a post on SGMW’s WeChat account.

Through this cooperation, both parties will conduct in-depth cooperation in the field of chip R&D based on user usage scenarios, insisting on the path of independent innovation and join hands to boost the localization of chips.

Photo credit: SGMW

CETC Chip Technology (Group) Co., Ltd. (referred to as "Chip Group") and CETC Chip Technology Institute (referred to as "Chip Institute") are collectively referred to as "CETC Chip". China Key System & Integrated Circuit Co., Ltd. (referred to as "CKS") entrusts the management to the Chip Group.

CETC Chip has made significant contributions to promoting chip localization, ensuring industrial and supply chain security.

With the development of new energy intelligent-connected vehicles, automotive chips have become a key factor influencing the development of the automotive industry. SGMW stated that the company took the initiative in the full localization of chips, starting with key components, and realizing the mass production of domestic intellectual property controllers. As a result, they have completed the replacement and development verification of nearly 300 kinds of chips. The localization rate of chips has reached 93%.