partnering

Stellantis and Foxconn partnering on automotive semiconductor business

Stellantis and Foxconn will co-develop a new line of automotive semiconductor chips partly aimed at improving future supplies of the critical component, the companies announced Tuesday.

Stellantis is teaming up with Foxconn on new semiconductor chips. (REUTERS/Pascal Rossignol)

“With Foxconn, we aim to create four new families of chips that will cover over 80% of our semiconductor needs, helping to significantly modernize our components, reduce complexity, and simplify the supply chain. This will also boost our ability to innovate faster and build products and services at a rapid pace,” Stellantis CEO Carlos Tavares said.

The chips will be made available to third-party customers and will enter production by 2024. Details on planned investments and manufacturing locations were not immediately released.

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Stellantis is developing the chips to help it integrate new software platforms for its

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