Autos

Ford partners with GlobalFoundries to increase chip supplies

0


Newly manufactured Ford Motor Co. 2021 F-150 pick-up trucks are seen waiting for missing parts in Dearborn, Michigan, March 29, 2021.

Rebecca Cook | Reuters

Ford Motor plans to increase its short- and long-term supply of semiconductor chips through a new partnership with GlobalFoundries.

The Detroit automaker and New York-based chip supplier on Thursday announced the signing of a nonbinding agreement for a strategic partnership that aims to increase the supply of chips to Ford from GlobalFoundries.

Officials said the tie-up could eventually result in new chip designs specifically for Ford and an increase in the domestic production and supply of chips for the overall automotive…



Source cnbc.com

0 0 votes
Article Rating

Energy markets may see more supply crunches as demand grows: Dan Yergin

Previous article

(SG) starts trading on the New York Stock Exchange

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos