Ford And GM Have A Plan To Conquer Chip Shortage

Ford and General Motors have announced new strategies to battle the ongoing semiconductor chip shortage currently crippling the automotive industry.

Ford signed a non-binding agreement with GlobalFoundries, a leader in the semiconductor manufacturing sector. GlobalFoundries made the news earlier this year after announcing that it woulddouble its outputby spending $6 billion on expansion.

The global shortage is having a massive impact on car production. Several manufacturers have had to shut down plants or remove shifts. These problems filter down to customers, who pay inflated prices for new cars. AChevy Corvette costs Porsche 911 Turbo moneythese days due to mark-ups caused by high demand and low supply, and if you want a Z06, you'll have towait until 2025.

这两家公司之间的协议will see them working together to address the growing demand for chips aimed explicitly at the automotive industry. Examples include chips for ADAS, battery management, in-vehicle connectivity, EVs, and autonomous features.

"It's critical that we create new ways of working with suppliers to give Ford - and America - greater independence in delivering the technologies and features our customers will most value in the future," said Jim Farley, Ford President and CEO. "This agreement is just the beginning, and a key part of our plan to vertically integrate key technologies and capabilities that will differentiate Ford far into the future."

"GF is committed to building innovative alliances with the world's leading companies to enable the features in products that are pervasive throughout people's lives," said Tom Caulfield, GF CEO. "Our agreement with Ford is a key step forward in strengthening our cooperation and partnership with automakers to spur innovation, bring new features to market faster, and ensure long-term, supply-demand balance."