Volkswagen Moves to Secure Semiconductor Supply With Procurement Strategy Shake-Up
24 August 2023 - 5:25PM
Dow Jones News
By David Sachs
Volkswagen Group has developed a new prOcurementStrategy for
semiconductors and electronics as it aims to secure the long-term
supply of parts crucial to electric-vehicle production and
digitization, it said Thursday.
The German car maker said it will source especially crucial
semiconductors directly from manufacturers, and that it created a
semiconductor sourcing committee.
"A high degree of transparency in the semiconductor value
chain--the exact knowledge of the parts used--enables us to better
determine the global demand and availability of these components,"
Volkswagen said. "This is underscored by risk management which, in
future, will extend to the level of individual electronic parts and
help us detect bottlenecks early on and avoid them."
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
August 24, 2023 03:10 ET (07:10 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Volkswagen (TG:VOW)
Historical Stock Chart
From Apr 2024 to May 2024
Volkswagen (TG:VOW)
Historical Stock Chart
From May 2023 to May 2024