General Motors, GlobalFoundries Reach Agreement on Long-Term Semiconductor Chips Supply
February 09 2023 - 11:18AM
Dow Jones News
By Denny Jacob
General Motors Co. and GlobalFoundries Inc. on Thursday said
they established a long-term agreement to supply semiconductor
chips for the automotive company.
Through the agreement, GlobalFoundries will manufacture for GM's
key chip suppliers at its facility in upstate New York. GM said the
agreement supports its strategy to reduce the number of unique
chips needed to power its vehicles.
"We see our semiconductor requirements more than doubling over
the next several years as vehicles become technology platforms,"
said Doug Parks, GM executive vice president of global product
development, purchasing and supply Chain.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 09, 2023 12:03 ET (17:03 GMT)
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