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18 Jul
17:10

Stellantis boosts semiconductor procurement strategy

Stellantis is securing long-term semiconductor supply continuity by diversifying its procurement strategy. The firm has signed offtake agreements with global providers for a total value of €10 billion ($11.2 billion) until the end of this decade for several types of microchips such as silicon carbide (SiC) MOSFETS and microcontroller unit (MCU). As automakers compete to get hold of microchips, global demand for semiconductors escalated in recent years forcing…
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