Carmaker Stellantis and iPhone assembler Foxconn have created a 50-50 three way partnership to design and promote semiconductors for the automotive {industry} from 2026.
The three way partnership, known as SiliconAuto, will provide Stellantis, together with its new ‘STLA Mind’ digital and software program structure, Foxconn and different prospects, the 2 corporations stated in an announcement.
“SiliconAuto will present prospects an auto industry-centric supply of semiconductors for the rising variety of computer-controlled options and modules, significantly these wanted for electrical automobiles,” they stated.
The deal, for which no monetary particulars have been offered, follows a preliminary settlement that Stellantis and Foxconn signed in December 2021 to associate in semiconductors for the automotive {industry}. Stellantis owns a variety of automotive manufacturers together with Fiat and Peugeot.
A key part in low emission and interconnected mobility, semiconductors have been on the centre of a chronic world provide chain crunch lately.
“Stellantis will profit from a sturdy provide of important elements, which is important to fueling the speedy, software-defined transformation of our merchandise,” Stellantis Chief Know-how Officer Ned Curic stated.
SiliconAuto shall be primarily based within the Netherlands, the place Stellantis can be headquartered, with a administration workforce which incorporates executives from each companions.
Individually, Stellantis and Foxconn have already got the Cell Drive three way partnership to develop in-car and connected-car applied sciences for the auto {industry}.
