SEOUL (XINHUA) – South Korea’s Hyundai Motor Group said yesterday that it will make a strategic investment in Tenstorrent, an artificial intelligence (AI) semiconductor startup company.
Hyundai Motor Company and Kia Corp will invest a combined USD50 million in the Canada-based company, making the group a lead investor in Tenstorrent’s latest funding round amounting to USD100 million.
The group said in a statement that the investment will be used to accelerate Tenstorrent’s design and development of AI chiplets and its machine learning (ML) software roadmap. The newly developed high-performance semiconductors will be applied to central processing units (CPU) and neural processing units (NPU) for future vehicles and mobility solutions, it noted.
Earlier this year, Hyundai launched its semiconductor development unit dedicated to customised chip development for their vehicles in a bid to strengthen chip capability through strategic collaborations with external partners.
