Hyundai Mobis to acquire semiconductor division of Hyundai Autron for $122m.

Hyundai Mobis, a car parts company, is set to acquire semiconductor division of Hyundai Autron, an automotive supplier, for $122m. With this acquisition, Hyundai Mobis plans to develop the capability of designing, developing and verifying semiconductors for vehicles and subsequently differentiate its integrated control technology in the future automotive field.