BMW partners with Global Foundries, Inova for hassle-free chip supply

By Akshay Kedari  | Date: 2021-12-13

BMW partners with Global Foundries, Inova for hassle-free chip supply

BMW has reportedly signed a direct supply assurance agreement with several chip suppliers, including feature-rich semiconductor producer GlobalFoundries, and high-tech chip developer Inova semiconductors.

As the global chip shortage continues to hinder the growth of the automotive industry, BMW has decided to join the bandwagon of automakers, including Stellantis, in collaborating with chip suppliers to ensure an uninterrupted supply of semiconductors.

According to Inova CEO Robert Kraus, the semiconductor manufacturing company considers this agreement with BMW to be an accomplishment for its business.

In the same vein, GlobalFoundries senior VP and automotive, industrial, and multi-market GM, Mike Hogan, expressed that this powerful alliance with BMW and Inova shows how companies are partnering for innovation and advancement of technology for future vehicles.

As per the agreement, the Bavarian company will receive a yearly supply of a million chips, which will be used in the co-developed ISLED (Intelligent Smart Embedded LED) smart LED technology.

The company said that the new chips will be employed for the first time in the BMW iX SUV, the brand's flagship model, as well as other models.

Dr. Andreas Wendt, a board member of BMW AG leading the purchasing and supplier network, stated in the agreement that the next logical step in ensuring a steady supply of microchips was to join forces with the manufacturers.

The company is increasing partnerships with suppliers and synchronizing their capacity by planning directly with semiconductor producers & suppliers. This would confirm the reliability and transparency regarding the volume required, as well as give clarity to everyone involved in the process, Wendt added. 

BMW with this partnership is attempting to construct a resourceful supply chain to keep up with the growing consumption and demand while also propelling the company toward more technological innovations.

Source credit:

https://auto.hindustantimes.com/auto/news/bmw-signs-agreement-with-chip-suppliers-to-secure-semiconductors-41639295363728.html

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Instagram users can now delete their accounts on all Apple devices

Instagram users can now delete their accounts on all Apple devices

By Akshay Kedari

To comply with Apple’s App Store guidelines, popular social media platform Instagram has now added account deletion support to iOS devices. The iPhone maker's store policy notably instructs that all apps that allow users to create accounts ...

Tesla lays off 200 hourly workers as it closes its California office

Tesla lays off 200 hourly workers as it closes its California office

By Akshay Kedari

Tesla Inc. reportedly closed its San Mateo, California office to expedite cost-cutting and has let go nearly 200 workers who functioned on its autopilot driver-assistant system. Most of these employees were compensated on an hourly basis. Earlier ...

Around 2,900 Ford Lightning pickups recalled over software-linked issue

Around 2,900 Ford Lightning pickups recalled over software-linked issue

By Akshay Kedari

The recall covers 220 units of the electric pickup trucks in Canada and 2,666 units in the US. Ford has refused to accept any more orders and declared the EV sold out for 2022. Ford Motor Company has reportedly recalled the first batch of ...

Coca-Cola ranked the most powerful brand in U.S., as per the BSI score

Coca-Cola ranked the most powerful brand in U.S., as per the BSI score

By Akshay Kedari

The Coca-Cola Company, an American multinational beverage corporation, has reportedly secured a Brand Strength Index (BSI) score of 93.3 out of 100, making it the strongest brand in the USA, according to a TradingPlatforms.com analysis of the iconic ...

FDA to order Juul Labs to pull its e-cigarettes from the United States

FDA to order Juul Labs to pull its e-cigarettes from the United States

By Akshay Kedari

The U.S. FDA (Food and Drug Administration) is reportedly planning to instruct Juul Labs Inc. to stop supplying its e-cigarettes in the country. Shares of Altira, which owns a 35% stake in Juul Labs, fell to 8.5% after the latest development. For ...