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STLAM Stellantis NV

20.20
-0.275 (-1.34%)
31 May 2024 - Closed
Delayed by 15 minutes
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

Stellantis Implementing $11.24 Billion Strategy to Secure Microchip Supply

18/07/2023 1:52pm

Dow Jones News


Stellantis NV (BIT:STLAM)
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From Jun 2023 to Jun 2024

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   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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