11/18/2021, 6:09 PM (Source: TeleTrader)
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GM plans to curb number of chips needed by 95%

General Motors Company President Mark Reuss said on Thursday that the firm plans to reduce the number of "unique microcontrollers" needed in production by 95% in a partnership with seven semiconductor suppliers. The move represents a part of the company's strategy to tackle semiconductor shortages.

Speaking at the Barclays Global Automotive and Mobility Tech Conference, he explained that the companies with which the automaker plans to join forces include Qualcomm Technologies, Inc., STMicroelectronics, Infineon Technologies AG, Renesas Electronics Corporation, and Taiwan Semiconductor Manufacturing Company Limited (TSMC).

"To do this, we're really going after strategic supplier agreements and the joint [research and development] R&D programs and manufacturing collaborations," he concluded.

Baha Breaking News (BBN) / BU