LONDON (Reuters) – Stellantis said on Tuesday it had signed purchase contracts worth 10 billion euros through 2030 with semiconductor makers to secure its supply to build electric vehicles and ensure high performance computing functions.
The global auto industry is still recovering from a chip shortage fueled by the COVID-19 pandemic, which has forced major automakers to halt production of some models and scramble to find new sources of semi- drivers.
“Several hundred very different semiconductors are integrated into our cars. We have designed a complete ecosystem to limit the risk that a single missing chip could bring our lines to a halt,” said Maxime Picat, director of purchasing and supply from Stellantis, in a press release.
Stellantis says the group is also working with chipmakers Infineon, NXP Semiconductors, onsemi, and Qualcomm to improve its automotive platforms and technologies.
The world’s third-largest automaker says its new deals include silicon carbide chips that extend the range of electric vehicles, microcontrollers needed to develop Stellantis’ “intelligent vehicles” and “System-on-a- chip”, parts that allow, among other things, to develop autonomous driving assistance systems”.
(Report Nick Carey; Victor Goury-Laffont, edited by Kate Entringer)
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