Stellantis said on Tuesday that it has signed contracts worth 10 billion euros ($11.2 billion) through 2030 with semiconductor makers to guarantee the flow of vital chips for electric vehicles and high-performance computing functions.
A Stellantis sign is seen outside its headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photosaid on Tuesday that it has signed contracts worth 10 billion euros through 2030 with semiconductor makers to guarantee the flow of vital chips for electric vehicles and high-performance computing functions.
The global auto industry is only now recovering from a pandemic-fueled shortage of semiconductor chips that forced major automakers to shut down production on certain models and scramble to find new sources of chips. "We have hundreds of very different semiconductors in our cars," Maxime Picat, Stellantis' chief purchasing and supply chain officer said in a statement. "We have built a comprehensive ecosystem to mitigate the risk that one missing chip can stop our lines."
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