South Korea fabless firm Ranix is aiming to launch security chips for vehicle-to-everything (V2X) and Internet of Things (IoT).
A company spokesperson said Friday that it is aiming to receive certification from the government and security institutes for its V2X chip called RS2522, once development finishes within 2021.
Ranix is aiming to launch the chip in the first half of 2022, they said.
The chip was designed using Arm SC300 cores. It supports automobile telecommunication standards IEEE 1609.2, GB/T 37374 and GB/T 37376. IEEE 1609.2 is a standard for V2X, not just vehicle-to-vehicle.
Ranix had launched an application-specific integrated circuit (ASIC) for V2X telecommunication based on the WAVE standard in 2019. The company is hoping to strengthen its competence in autonomous driving technology through the synergy between its V2X telecommunication chip and its V2X security chip.
The company said it will also work to gain customers in the public sector for its IoT security chip. Its RS1211 chip received Level 1 Korea Cryptographic Module Validation Program (KCMVP) certification from National Intelligence Service in March this year. Its RS2332 chip received Level 2 KCMVP certification in May last year. Security chips used by South Korean government institutes must have the KCMVP certification.
Ranix is the only local company that received Level 2 certification.
The company is specifically eyeing the advanced metering infrastructure market. Ranix was in talks with South Korean utilities in electricity and gas for potential supply of its IoT security chips, the spokesperson said. The company will be supplying over 10 million units of them if it wins the orders, they added.
Ranix has so far focused on supplying DSRC chipset MaaT for electronic toll collection systems in highways. DSRC chipsets accounted for 99% of its sales in 2020. Last year, it has singed a supply deal with a Chinese tier-1 automobile component supplier for the chips.
