Stellantis Implements Multifaceted Semiconductor Strategy To Ensure Supply Security
Portfolio Pulse from Benzinga Newsdesk
Stellantis has secured direct agreements for semiconductors with a purchasing value of over €10 billion through 2030. The agreements cover a variety of vital microchips.
July 18, 2023 | 12:12 pm
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Stellantis has secured a long-term supply of semiconductors, which are vital for its operations. This could provide a competitive advantage and stability in the face of global chip shortages.
Semiconductors are a critical component in modern vehicles. By securing a long-term supply, Stellantis is likely to avoid potential disruptions caused by global chip shortages. This could lead to a competitive advantage over other automakers who may face production delays due to lack of chips. Therefore, this news is likely to have a positive impact on Stellantis' stock in the short term.
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