Stellantis Signs 10 Billion Euro Semiconductor Contracts for EV Production and High Performance Computing Functions

2023-07-18 15:56:39

The Stellantis logo in Vélizy-Villacoublay near Paris, France

LONDON (Archyde.com) – 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 might 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; French version Victor Goury-Laffont, edited by Kate Entringer)

1689700818
#Stellantis #invests #billion #euros #source #semiconductors

Photo of author

Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

Reducing the Risk of Dementia: How Computers and Games Can Help Prevent Memory Loss

Massive Cocaine Haul Discovered in Banana Shipment at Port of Antwerp

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.