December 3, 2021

Info IEC

Business & Finance Information

Ford Steps Into the Chips Enterprise

Ford Motor Co. is seeking to get into the semiconductor enterprise, after a yr of computer-chip shortages that snarled its world manufacturing unit output.

Ford entered a strategic settlement with U.S.-based chip maker GlobalFoundries Inc. to develop chips, a pact that would ultimately result in joint manufacturing within the U.S., the businesses mentioned Thursday. They didn’t disclose phrases or say how a lot they may spend money on future manufacturing capability.

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