LONDON (Reuters) – Stellantis announced on Tuesday that it has secured contracts worth 10 billion euros ($11.2 billion) until 2030 with semiconductor manufacturers to ensure the steady supply of crucial chips for electric vehicles and high-performance computing functions.
The global automotive industry is currently recovering from a shortage of semiconductor chips caused by the pandemic. This shortage led major automakers to halt production of certain models and search for alternative chip suppliers.
According to Maxime Picat, the Chief Purchasing and Supply Chain Officer at Stellantis, “We have a wide variety of semiconductors in our vehicles. To minimize the risk of halting our production lines, we have developed a comprehensive ecosystem.”
Stellantis is also collaborating with chipmakers Infineon, NXP Semiconductors, onsemi, and Qualcomm to enhance their vehicle platforms and technologies.
As the third largest car manufacturer globally, Stellantis has secured new supply contracts until 2030 for silicon carbide chips that improve the range of electric vehicles, computing chips for vehicle operations, and high-performance computing chips for infotainment and autonomous driving assist features.
($1 = 0.8905 euros)
Credit: The Star : Tech Feed
