Stellantis, Foxconn Team Up to Sell Chips for Auto Industry
20 Juin 2023 - 8:23AM
Dow Jones News
By Joshua Kirby
Auto maker Stellantis and tech giant Foxconn are joining forces
with the creation of a new business that will sell semiconductors
to the automotive industry, where demand remains high amid
automation and the switch to electric vehicles.
The business will be called SiliconAuto and will be owned
equally between Stellantis, which makes Jeeps and Chryslers, and
Foxconn, the Taiwan-based tech group best known for assembling
Apple Inc.'s iPhones in mainland China.
"SiliconAuto will provide customers an auto industry-centric
source of semiconductors for the growing number of
computer-controlled features and modules, particularly those needed
for electric vehicles," Stellantis said.
The group will be among SiliconAuto's customers, and will
"benefit from a robust supply of essential components, which is
critical to fueling the rapid, software-defined transformation of
our products," Chief Technology Officer Ned Curic said.
SiliconAuto will begin supplying semiconductors from 2026, and
will be headquartered in the Netherlands with executives from both
companies, Stellantis said.
The formation of the joint venture follows an agreement reached
at the end of 2021 between the two companies to create a
partnership aimed at designing purpose-built chips for both
Stellantis and third-party customers.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
June 20, 2023 02:08 ET (06:08 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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