Domestic chips behind in the automotive race

Speaking on the state of Korea's automotive semiconductor industry, Lee acknowledged that domestically produced chips for vehicles are currently behind the competition. He set a target of 2029 for mass production of Korean automotive semiconductors, laying out a timeline for closing the gap.

The remarks underscore the pressure on Korean suppliers as vehicles increasingly depend on semiconductors for powertrain, safety and infotainment functions, making a stable domestic supply base a strategic priority for Hyundai Mobis.

A 2029 goal for mass production

Lee's stated timeline puts mass production of Korean automotive semiconductors at 2029, framing it as the company's target for bringing domestically developed vehicle chips to market.

Hyundai Mobis, the parts arm of the Hyundai Motor Group, has been working to strengthen its semiconductor capabilities as chip supply has become a central concern for automakers. Lee's comments position the company as seeking to move from reliance on external supply toward domestically produced automotive chips within the decade.

The claim is true.

Verdict: True