Stellantis Implementing $11.24 Billion Strategy to Secure Microchip Supply
18 July 2023 - 10:52PM
Dow Jones News
By David Sachs
Stellantis said Tuesday that it is implementing a long-term
strategy to secure semiconductors that includes 10 billion euros
($11.24 billion) worth of deals through 2030 and production of its
own microchips.
The Netherlands-based car maker said the deals will play a
crucial role in its electric-vehicle platforms and artificial
intelligence software. In addition to purchasing semiconductors,
Stellantis will work with aiMotive and SiliconAuto to produce its
own chips, it said.
The strategy includes implementing a semiconductor database,
systemic risk assessment and long-term forecasting for chip demand,
Stellantis said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
July 18, 2023 08:37 ET (12:37 GMT)
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