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Stellantis (NYSE:STLA) said that to date it has signed direct agreements for semiconductors with a purchasing value of more than €10B (~$11B) through 2030.
The company added that it is implementing a multifaceted semiconductor strategy to ensure supply security and steer innovation.
The strategy includes, implementing a semiconductor database to provide transparency on the semiconductor content; systematic risk evaluation to avoid and remove legacy parts; long-term chip level demand forecasting to support capacity securitization contracts with chip makers and Silicon Foundries; implement a Green List to reduce chip diversity; and buying parts at chip makers including a long-term securitization of chip supply.
Stellantis noted that it has started to engage with semiconductor providers such as Infineon(OTCQX:IFNNY) (OTCQX:IFNNF), NXP Semiconductors, onsemi, and Qualcomm (QCOM) to improve its all-new, state-of-the-art STLA platforms and technologies.
Stellantis is also working with aiMotive and SiliconAuto to develop its own differentiating semiconductors in the future.
The Netherlands-based company has inked agreements for semiconductors worth more than €10B through 2030.
The supply agreements cover a variety of microchips, including — Silicon Carbide (SiC) MOSFETS, needed in a range of EVs; Microcontroller Unit (MCU), a key part of the computing zones for the STLA Brain electrical architecture; and System-on-a-chip (SoC), where performance is required for the high-performance computing (HPC) units that provide in-vehicle infotainment and autonomous driving assist functions, according to the company.
