Nvidia working with Foxconn on electric cars, debuts new graphics cards at CES

Nvidia (NVDA) attended CES 2023 on Tuesday and made a number of major announcements, including news that it is partnering with Foxconn to start manufacturing electric vehicles based on Nvidia’s Drive Hyperion platform. The company also announced new graphics chips for laptops and improvements to its GeForce Now game streaming platform.

Automotive news doesn’t mean Nvidia is making cars. Rather, Foxconn, which is expanding its manufacturing capabilities to build electric vehicles for third-party automakers such as Rosetown Motors, will use Nvidia’s Drive Hyperion platform to build the cars.

Drive Hyperion is a reference and development consisting of a software and hardware suite that helps automakers accelerate the production of self-driving cars.

Nvidia has partnered with Foxconn to provide technology for building electronic and automated cards. (Image: Nvidia)

“Our partnership with Foxconn provides OEMs developing intelligent driving solutions with a world-class, high-volume supplier for the Nvidia Drive Orin platform.

“Foxconn’s decision to also use the Drive Hyperion sensor suite in its EVs will help accelerate the road to production without compromising safety, reliability or quality,” added Dhall.

Nvidia is making its foray into the automotive market by building the sensors and software necessary to ultimately allow automakers to navigate the world without the need for driver intervention.

However, the company’s automotive efforts still represent a small percentage of its overall revenue. Of Nvidia’s third-quarter sales of $5.93 billion, the automotive group’s revenue was just $251 million. Meanwhile, the company’s gaming and data center businesses collected $1.57 billion and he $3.83 billion, respectively.

Besides the deal with Foxconn, Nvidia has also unveiled its latest laptop graphics chips, from the entry-level RTX 4050 chip to the high-end RTX 4090 card. According to the company, laptops with RTX 40-series chips will offer up to four times the performance in games like Cyberpunk 2077, while offering three times the energy efficiency of Nvidia’s previous generation chips. need to do it.

However, if you want to get your hands on a laptop that runs the RTX 4080 or RTX 4090, you should be prepared to shell out a lot of cash. The starting price is $1,999. Meanwhile, Nvidia’s cheap laptops with his RTX 4050 start at $999.

In addition to the new chip, Nvidia has announced that it is updating its GeForce Now cloud gaming platform. The service that lets you stream games to internet-connected devices now runs on his RTX 4080 graphics card from Nvidia. Essentially, this means players can stream games at 240 frames per second, or turn on ray tracing for supported games to improve overall lighting.

Nvidia announced a slew of new laptop graphics cards at CES 2023.  (Image: Nvidia)

Nvidia announced a slew of new laptop graphics cards at CES 2023. (Image: Nvidia)

However, this update is only available for the GeForce Now Ultimate tier, which costs $19.99 per month. A Basic level subscription costs $9.99/month but does not include new improvements.

Finally, Nvidia also announced that GeForce Now will soon be available for streaming in vehicles. The company says Hyundai, BYD, and Polestar are working with it to bring game streaming to the main infotainment units in the front seats and rear screens. Of course, this feature is only available to front-seat passengers when parking.

Nvidia’s news comes at a difficult time for the graphics chip giant. Consumers are buying far fewer PCs than they were during the pandemic, and stock prices have fallen about 50% over the past 12 months. However, Nvidia is not alone. Shares of rivals Intel (INTC) and AMD (AMD) have fallen 48% and 54%, respectively, over the past year.

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