By David Sachs
Stellantis said Tuesday that it is implementing a long-term strategy to secure semiconductors that includes 10 billion euros ($11.24 billion) worth of deals through 2030 and production of its own microchips.
The Netherlands-based car maker said the deals will play a crucial role in its electric-vehicle platforms and artificial intelligence software. In addition to purchasing semiconductors, Stellantis will work with aiMotive and SiliconAuto to produce its own chips, it said.
The strategy includes implementing a semiconductor database, systemic risk assessment and long-term forecasting for chip demand, Stellantis said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
07-18-23 0837ET