ECARX Collaborates with Monolithic Power Systems (MPWR) for Automotive AI Integration

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is one of the best dividend stocks to buy. On July 22, ECARX Holdings Inc. (NASDAQ:ECX) reported a new strategic deal with Monolithic Power. The partnership is meant to develop automotive intelligence and robotics solutions and will create a global supply chain and ecosystem that handles integration, adaptation of the platform, and service delivery.

Both companies will search for opportunities in automotive and intelligent technology, working on product testing, system upgrades, and faster development and time-to-market. MPWR will bring in its worldwide research and supply strengths to help ECARX build a stronger supply chain and launch products more quickly worldwide.

Through this collaboration, ECARX will be able to expand its intelligent car and robotics tech to industries such as automation and consumer electronics. MPWR contributes by offering power electronics built on semiconductors, which are applied in telecom, cloud services, automotive systems, and consumer products.

Ziyu Shen, Chairman and CEO of ECARX, mentioned:

"This strategic partnership with MPS marks another important step in the build-out of our global strategy and technological ecosystem. We have always viewed our supply chain as the core competitive advantage and will continue to develop relationships with partners that can support the development of intelligent solutions across global markets."

Monolithic Power Systems, Inc. (NASDAQ:MPWR), founded in 1997 and based in Kirkland, Washington, manufactures semiconductor-based power electronics. Its products are used in cloud computing, automotive, consumer electronics, and industrial systems.

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Disclosure. None.