Stellantis said on Tuesday that it has inked contracts with semiconductor manufacturers worth 10 billion euros ($11.2 billion) through 2030 to ensure a steady supply of chips for use in autonomous vehicles and high-performance computers.
When a worldwide pandemic caused a scarcity of semiconductor chips, major automakers had to halt production on some models as they scrambled to locate new suppliers. Only now is the global auto industry beginning to recover from the deficit.
"We have hundreds of very different semiconductors in our cars," Maxime Picat, chief buying and supply chain officer of Stellantis, said. To reduce the possibility that a single malfunctioning chip would bring our production lines to a halt, we have developed a robust ecosystem.
Stellantis has said that it is collaborating with chipmakers Infineon, NXP Semiconductors, Onsemi, and Qualcomm to advance the quality of its automobile platforms and technology.
New supply agreements until 2030 were announced by the world's third-largest automaker, covering silicon carbide chips that increase EV range, computer chips to run EVs, and high-performance computing chips to provide infotainment and autonomous driving support capabilities.
($1 = 0.8905 euros)
