Global carmaker Stellantis has signed a non-binding memorandum of understanding with German chipmaker Infineon for a multi-year supply of silicon carbide semiconductors, Infineon said on Monday.
According to the agreement, Infineon will reserve production capacity and supply the power semiconductors directly to Stellantis suppliers in the second half of the 2020s.
More than €1bn (R17.8bn) worth of chips could be involved, said Infineon, adding that the chips were for electric vehicles under the Stellantis brands.
Chip shortages over the past few years have forced carmakers to scrap production plans for millions of cars. Stellantis chief Carlos Tavares told French newspaper Le Parisien last month he expects the semiconductor supply chain to remain tight until the end of next year.
Stellantis strikes deal with Infineon to secure silicon carbide chips
Image: Stefano Guidi/Getty Images
Global carmaker Stellantis has signed a non-binding memorandum of understanding with German chipmaker Infineon for a multi-year supply of silicon carbide semiconductors, Infineon said on Monday.
According to the agreement, Infineon will reserve production capacity and supply the power semiconductors directly to Stellantis suppliers in the second half of the 2020s.
More than €1bn (R17.8bn) worth of chips could be involved, said Infineon, adding that the chips were for electric vehicles under the Stellantis brands.
Chip shortages over the past few years have forced carmakers to scrap production plans for millions of cars. Stellantis chief Carlos Tavares told French newspaper Le Parisien last month he expects the semiconductor supply chain to remain tight until the end of next year.
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