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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Stellantis NV | BIT:STLAM | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.275 | -1.34% | 20.20 | 20.15 | 20.47 | 20.59 | 20.165 | 20.495 | 14,042,598 | 17:00:00 |
By David Sachs
Stellantis said Tuesday that it is implementing a long-term strategy to secure semiconductors that includes 10 billion euros ($11.24 billion) worth of deals through 2030 and production of its own microchips.
The Netherlands-based car maker said the deals will play a crucial role in its electric-vehicle platforms and artificial intelligence software. In addition to purchasing semiconductors, Stellantis will work with aiMotive and SiliconAuto to produce its own chips, it said.
The strategy includes implementing a semiconductor database, systemic risk assessment and long-term forecasting for chip demand, Stellantis said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
July 18, 2023 08:37 ET (12:37 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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