Ford and GM pursue relationships with semiconductor groups to improve chip performance

Ford and General Motors said Thursday that they are forming strong alliances with semiconductor manufacturers to improve their integration of electronic chips. car companies coping with want.

Ford has signed a non-binding agreement with GlobalFoundries, a chip maker in New York, that it “opens the door” for integrated development research and manufacturing chips to provide its conference lines with others in the U.S. automotive industry.

GM President Mark Reuss told investors that as cars and vehicles become more technologically critical, the demand for semiconductors “will double in the next few years”.

As a result, the car manufacturer is following an agreement with Taiwan Semiconductor Manufacturing Company, the world’s most valuable chipmaker, as well as NXP Semiconductors, Qualcomm and others.

The automotive sector is compounded by the lack of semiconductors, reducing the sale of new vehicles. Manufacturers were unprepared when the decline in the number of vehicles and vehicles caused by the epidemic last year changed faster than expected. Now they find themselves competing with consumer electronics manufacturers chip goods.

Now the automotive industry, where Toyota pioneered the idea of ​​just making time in the 1970s, is reviewing how it protects this essential component that is used in everything from brakes and electric steering to fun. Ford said the deal could encourage the company to offer chips in just a few months.

GlobalFoundries, which owns the Abu Dhabi financial fund of Mubadala Investment Company, he went public last month. Prices for chipmaker rose 5.4 percent at $ 66.07 on Thursday, while Ford rose 0.3 percent to $ 19.92.

The efforts of the R&D industry are able to expand the high-end chips we need to use on electric batteries, autonomous operating systems and space programming, he added.

Jim Farley, Ford’s chief executive officer, said the deal is an “essential part” of its integrated plans, a move that allows companies to streamline their ventures.

GlobalFoundries CEO Tom Caulfield said partnering with a car manufacturer would allow the company to “bring in new products to sell faster and ensure a longer, more sustainable life”.

David Whiston, a research analyst at Morningstar, said it was good to see Ford acquire household goods and change its approach in line with what Farley said in April for the company. he had to reconsider how it confirmed the most important things.

But he added that he doubted the alliance was “something that could be established quickly if GlobalFoundries had the potential to be established and committed. Ford”.

The terms of the agreement have not been disclosed, but Ford is not taking a share of ownership at GlobalFoundries.