Hyundai Motor Company, the world's sixth largest car manufacturer announced that it has entered into a strategic cooperation with Infineon Technologies AG, one of the leading semiconductor supplier to the automotive industry, for the development of automotive electronics. As part of the strategic cooperation, the companies also opened a joint innovation center Hyundai Infineon Innovation Center (HIIC) with its location at the headquarters of the Hyundai-Kia Automotive Group in Seoul and will be managed by both companies. The cooperation includes the development of automotive electronics system architecture and related semiconductors, along with enhancements of Hyundai's current automotive electronic systems, based on the synergy of Hyundai's automotive electronics technology and Infineon's semiconductor know-how. Infineon will contribute its expertise in automotive semiconductor development, in-depth application engineering know-how. The Joint Innovation Center will carry out the functional and cost optimization of car electronics systems, as well as develop automotive electronic system architecture, including the design of ECU and application-specific integrated circuits (ASICs) in powertrain, safety and body applications for Hyundai and Kia vehicles. The first jointly developed products are expected to be used in Hyundai and Kia cars beginning 2010.
| Name | Hyundai Infineon Innovation Center (HIIC) |
| Location | Seoul |
| Construction Type | New |
| Project Starting Year | 2007 |
| Year of Completion | 2010 |
| Key players | Hyundai Motor Company & Infineon Technologies AG |
