Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

BAYERISCHE MOTOREN WERKE AG

(BMW)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/19 11:40:19 am
97.815 EUR   -1.14%
09:10aMARKETSCREENER’S WORLD PRESS REVIEW : January 19, 2022
09:04aBMW : Deutsche Bank remains its Buy rating
MD
06:50aEDMUNDS : The hottest cars to look out for in 2022
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BMW : signs direct agreement with chip suppliers to secure supplies

12/08/2021 | 03:12am EST

Munich. The BMW Group is exploring new ways of working with suppliers and, in the case of strategically important components, becoming more closely involved in the supplier network. To secure semiconductor supplies for the long term, the company has concluded a direct agreement with high-tech microchip developer INOVA Semiconductors and Globalfoundries, a manufacturer of feature-rich semiconductors. The agreement guarantees the BMW Group the supply of several million microchips per year. The microchips will be used in the ISELED smart LED technology co-developed by the BMW Group, which will be deployed for the first time in the BMW iX and rolled out in further models. Customer deliveries of the BMW iX got underway in early November.

"We are deepening our partnership with suppliers at key points in the supplier network and synchronising our capacity planning directly with semiconductor manufacturers and developers. This improves planning reliability and transparency around the volumes needed for everyone involved and secures our needs for the long term," says Dr Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. "This pioneering agreement marks the next logical step in securing our supplies in an even more balanced and proactive manner going forward."

This agreement is an example of the commitment to build a more resilient supply chain partnership approach to regain supply-demand balance for chips in the automotive industry as well as efforts to further accelerate technology innovation.

"This agreement directly with an OEM certainly marks new territory for us as a semiconductor manufacturer," says Robert Kraus, CEO of INOVA Semiconductors. "But we firmly believe this innovative approach to partnership throughout the production chain will help us achieve our objectives: In this way, we can secure supplies for our end customers and ensure high planning reliability throughout the long chip production cycles. It's a real win-win."

"Globalfoundries is committed to building stronger relationships with the automotive industry to deliver innovation and address the growing demand for feature-rich chips," says Mike Hogan, senior vice president and general manager of Automotive, Industrial and Multi-market at Globalfoundries. "This agreement with the BMW Group and INOVA demonstrates how the companies are partnering to develop innovative smart LED technology for the new BMW iX and to develop new technologies for the car of tomorrow."

Several thousand semiconductors per car

Depending on the equipment options, every car contains several thousand of semiconductors that are essential for all electronic devices. They serve various functions by performing arithmetic and control tasks in computers, storing data or even handling multiple tasks at the same time. The share of electronic components in vehicles is likely to increase further in the future.

Disclaimer

BMW - Bayerische Motoren Werke AG published this content on 08 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2021 08:11:10 UTC.


ę Publicnow 2021
All news about BAYERISCHE MOTOREN WERKE AG
09:10aMARKETSCREENER’S WORLD PRESS REVIEW : January 19, 2022
09:04aBMW : Deutsche Bank remains its Buy rating
MD
06:50aEDMUNDS : The hottest cars to look out for in 2022
AQ
05:44aBAYERISCHE MOTOREN WERKE : BMW M Motorsport is approaching the 2022 season with a strong s..
PU
03:30aNew purchase in the MarketScreener USA Portfolio
01/18FAW Car's Hongqi Sedan Eyes Up to 66.7% Sales Jump in 2022
MT
01/18BMW : UBS reaffirms its Neutral rating
MD
01/18THIS WEEK AT THE NINTH : Arbitration Two Ways
AQ
01/18EMEA MORNING BRIEFING : Shares Seen Weighed by -2-
DJ
01/17BMW : JP Morgan reaffirms its Neutral rating
MD
More news
Analyst Recommendations on BAYERISCHE MOTOREN WERKE AG
More recommendations
Financials
Sales 2021 111 B 126 B 126 B
Net income 2021 11 017 M 12 490 M 12 490 M
Net cash 2021 19 979 M 22 650 M 22 650 M
P/E ratio 2021 5,76x
Yield 2021 5,54%
Capitalization 64 332 M 72 898 M 72 933 M
EV / Sales 2021 0,40x
EV / Sales 2022 0,34x
Nbr of Employees 120 726
Free-Float -
Chart BAYERISCHE MOTOREN WERKE AG
Duration : Period :
Bayerische Motoren Werke AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BAYERISCHE MOTOREN WERKE AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 98,94 €
Average target price 110,17 €
Spread / Average Target 11,3%
EPS Revisions
Managers and Directors
Oliver Zipse Senior VP-Corporate Planning & Product Strategy
Nicolas Peter Group Leader-Corporate Finance
Norbert Reithofer Chairman-Supervisory Board
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Chairman-General Works Council
Sector and Competitors
1st jan.Capi. (M$)
BAYERISCHE MOTOREN WERKE AG11.81%72 898
TOYOTA MOTOR CORPORATION15.10%292 277
VOLKSWAGEN AG7.35%133 796
FORD MOTOR COMPANY17.38%97 428
DAIMLER AG10.43%90 485
GENERAL MOTORS COMPANY0.27%85 355