BMW closes deal for millions of chips for lighting systems

BMW closes deal for millions of chips for lighting systems

Photo: ANP

German carmaker BMW has signed a long-term agreement to secure the supply of chips for lighting systems in cars. The car industry has been struggling with shortages of chips and other parts for some time and BMW also had to temporarily close some of its factories.

According to BMW, the agreement with Inova Semiconductors and Globalfoundries guarantees the supply of “several millions” of chips per year. The chips will be used in the mood lighting systems that will be installed for the first time in the BMW iX electric SUV model.

BMW has so far managed to navigate the supply problems in the sector better than other automakers and even raised its profit forecast at the end of September. However, the company also had to deal with production interruptions and sold fewer cars in November than a year ago.

BMW’s deal shows automakers are increasingly bypassing traditional parts makers and doing business directly with semiconductor manufacturers to secure key chip inventories. Auto group Stellantis, parent company of brands such as Opel, Fiat, Citroën, Peugeot and Chrysler, announced on Tuesday a collaboration with Taiwanese Foxconn to design and produce its own computer chips. These chips are to be installed in Stellaantis cars from 2024 and will also be offered to other car companies.

BMW closes deal for millions of chips for lighting systems
Source link BMW closes deal for millions of chips for lighting systems

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