By Sabela Ojea

Graphics chip maker Nvidia Corp. and Foxconn said Tuesday they are partnering to build electric vehicles.

Under the agreement, Nvidia would produce electronic control units for Foxconn's manufactured electric vehicles, the companies said.

The partnership is focused on Nvidia's Drive Orin system-on-a-chip, the central computer for intelligent vehicles, the companies said.

"The partnership with Foxconn will allow Nvidia to further scale its efforts and meet growing industry demand as more transportation leaders select Drive Orin for intelligent vehicles," the companies said.

Foxconn would also be able to speed up its time-to-market and time-to-cost strategies through this deal, the companies added.

The electronic contract manufacturer Hon Hai Precision Industry Co., Ltd., established in Taiwan, trades as Foxconn internationally.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

January 03, 2023 12:28 ET (17:28 GMT)

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