Hyundai Mobis Acquires Stake in U.S. Fabless Semiconductor Company for Electric Vehicle Applications
Irvine, California, March 13, 2025 – Elevation Microsystems, delivering energy-efficient high-voltage power management solutions for sustainable electrification, backed by expertise in automotive power system architecture, functional safety, and advanced design, announce that Hyundai Mobis has acquired a significant stake in the company. The $15M investment was completed in November 2024, as disclosed in Hyundai Mobis’ … Continued