The China Association of Automobile Manufacturers announced that the 2024 Global Automotive Chip Innovation Conference, jointly hosted by the China Association of Automobile Manufacturers and the China Automotive Industry Economic and Technical Research Institute Co., Ltd., will be held from December 5 to 6 in Wuxi. This conference will add a dedicated supply and demand matchmaking session for automotive chips, inviting domestic enterprises from ten major categories of chips, internationally renowned chip companies, representative domestic and foreign TIER1, TIER2 companies, automotive chip industry clusters, investment and financing institutions to participate together.

The automotive industry is highly globalized. According to the third-quarter report of the well-known manufacturer texas instruments, the company's third-quarter revenue slightly exceeded Bloomberg's consensus expectations, with revenues in all end markets except for industrial showing an increase, and automotive revenue growing by 7-8% quarter-on-quarter. htsc's Xie Chunsheng believes this is primarily due to the strong performance of China's new energy vehicle market and is bullish on the expected continuing growth trend of demand for automotive chips in China.

According to the Financial Data Center, among related listed companies:

Gosuncn Technology Group is the first to release domestically produced automotive-grade chips, LTE Cat.1 modules, and T-Box products, achieving large-scale commercial use, breaking the competitive landscape of the industry.

Xingchen Technology stated on the interactive platform that several of its automotive-grade chip products have achieved large-scale mass production and will participate in the 11th Automotive Electronics Innovation Conference (AEIF 2024) and the Automotive Electronics Application Expo.