SEOUL, South Korea--(BUSINESS WIRE)--
Telechips (KOSDAQ:054450), a leading provider of semiconductor in fabless fields, announced that TomTom and Telechips have entered into MOU at preliminary event for Paris Motor Show in 29th of Sep, 2016 for market expansion into global automotive market.
TomTom and Telechips will promote jointly developed IVI in global IVI market, especially, in East Asia including China market.
For collaboration, Telechips will provide market verified automotive multimedia, connectivity, broadcasting chipset, and TomTom will provide Map and Traffic services.
Tier 1, 2 suppliers have been having a difficult time in making system stable with separately provided technology including hardware, middleware, application services, but with this integrated IVI solution jointly provided by TomTom and Telechips, customers are able to secure stable system with reduced costs and times.
With IVI jointly developed by TomTom and Telechips, Telechips expects to gain competitiveness in global market including China.
“By partnering with Telechips on this project, we are able to bring TomTom’s offering to an expanded customer base in the Asian market, especially China,” said Antoine Saucier Managing Director of TomTom Automotive. “This agreement will help us to accelerate our growth and development in the region.”
“We are excited to collaborate with TomTom on this project providing integrated Display Audio and AVN reference solution. We are expecting to expand customer base in the Asian market, especially China,” said Jangkyu Lee, CEO of Telechips Inc. “This agreement will help us to provide standardized IVI system to Tier 1, 2 suppliers.”
The TomTom and Telechips solution will be showcased along with TomTom’s complete automotive product offering at the Paris Motor Show in the TomTom booth - Hall 3, Booth 104.
About TomTom
At TomTom (TOM2) our mission is to make
technology so easy to use, that everyone can benefit from it.
We
created easy to use navigation devices, helping millions of people to
get where they want to be. Today, we continue to simplify the complex,
making technology more accessible for everyone.
We have four
customer facing business units: Consumer, Telematics, Automotive and
Licensing.
We make easy to use navigation devices, sport watches
and action cameras for consumers. We enable businesses with vehicles to
more easily manage and improve fleet efficiency whilst
increasing overall business performance with our Telematics solutions.
We also offer a world leading real-time map platform that is powering
innovative location based services and helping to make automated driving
a reality for the automotive industry.
Founded in 1991 and
headquartered in Amsterdam, we have over 4,600 employees and sell our
products worldwide.
About TomTom Automotive
TomTom Automotive is the trusted
partner for innovative and future-proof navigation technology for the
global automotive industry. We are a global leader in connected
navigation software, traffic information, and digital real-time maps. We
offer Automotive OEMs the modular components to create competitive
infotainment systems, as well as the technology to enable the future
self-driving cars to see beyond their sensors.
About Telechips
Telechips, Inc. (KOSDAQ:054450) is a leader
in fabless company fields introducing market leading products. The
company designs and builds semiconductor technologies that serve as the
foundation for the world's leading application processor and
communication ICs for Automotive Infotainment and STB. Telechips is
headquartered in South Korea and has regional offices in China, Japan,
USA, and Singapore.
Telechips automotive infotainment products have
high-security level and power efficiency so that it improves stability
of the system. Specifically, Telechips not only supplies chipsets,
development environment, and reference H/W guide but also provides core
technology necessary for developing set as a Turn-Key.
Telechips’
secure and powerful AP for Android/Linux/HTML5 based STB&OTT enabling
small footprint and low power consumption, benefits users with new
experiences and rich multimedia service scenario.
Telechips and
Telechips logo are either registered trademarks or trademarks of
Telechips Inc. and its subsidiaries in the Korea and other countries.
All other trademarks mentioned herein are believed to be trademarks of
their respective owners.
www.telechips.com | [email protected] | LinkedIn@telechips-inc
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