AUBURN HILLS, MI — Siemens VDO Automotive and Freescale Semiconductor have renewed their global supply relationship.
Siemens VDO Automotive has awarded Freescale approximately $245 million in new business, to supply electronics components, such as ASIC, microcontroller, analog and sensor components, over the lifetime of product starting in 2006.
Siemens VDO Automotive said it is increasing global presence in the $125 billion automotive electronics segment, fueled by projections for an 8.5 percent growth rate between 2001 and 2006 for the industry overall – with electronic systems representing nearly 35 percent of a vehicle’s value by 2010.
“There is a wealth of opportunity in the automotive electronics market and we are helping our customers take advantage of it,” said Freescale Transportation and Standard Products Group Senior Vice President and General Manager Paul Grimme. “With this agreement, Siemens VDO Automotive has selected a number of products from our portfolio – extending their range of automotive electronics solutions and strengthening our long-term relationship. Particularly significant is their decision to adopt our MPC5500 family of 32-bit microcontrollers and supporting analog products, across multiple engine and transmission applications.”
For more information about Freescale, go to: www.freescale.com.
To learn more about Siemens VDO Automotive, visit: www.usa.siemensvdo.com.
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