Stellantis inks €10B in deals to secure chip supply for EVs

Today’s cars, especially EVs, rely on hundreds of different types of microchips to function. But supply chain shortages of semiconductors during the pandemic forced many automakers to cut down production of certain models, sounding a clear warning to the industry — securing a long-term supply of chips is a matter of business survival.  Stellantis, the world’s third largest automaker, has inked contracts worth  €10bn through 2030 with leading semiconductor manufacturers like Infineon, NXP Semiconductors, onsemi, and Qualcomm. Furthermore, Stellantis is partnering with autonomous vehicle tech firm aiMotive and SiliconAuto, both subsidiaries of the automotive giant, to develop its own “differentiating…

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