Auto giant Stellantis and Foxconn, the world’s largest electronics manufacturer, announced on Dec. 7 that they will partner to develop and supply a new line of automotive semiconductor chips for the auto industry. Supplies of critical semiconductor chips had been a problem for the auto industry, which led automakers to temporarily close factories. It is hoped that the partnership will help drive stability in Stellantis’s global semiconductor supply chain and will secure future supplies of computer chips to guard against another global chip shortage. The first semiconductor chips from the joint partnership are expected to be installed in Stellantis’s 14 brands, which include Dodge and Jeep, by 2024. The two partners said that the new in-house chips will be made available to third-party customers in the auto industry. “Our software-defined transformation will be powered by great partners across industries and expertise,” said Carlos Tavares, CEO of Stellantis. “With Foxconn, we aim …
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