📊Executive Summary

BMW and Stellantis have secured new agreements with semiconductor suppliers to enhance their supply chain stability amid ongoing global chip shortages. BMW's contract with INOVA Semiconductors and GlobalFoundries aims to secure millions of microelectronics parts annually, particularly for its upcoming iX electric crossover SUV, which will feature innovative LED technology. Stellantis has also partnered with Foxconn to develop new chip families, intending to meet 80% of its semiconductor needs for future vehicles. These moves come after significant production cuts due to the chip crisis, with BMW reducing its output by 90,000 cars in 2021. The article highlights the critical need for automakers to establish direct relationships with chipmakers to mitigate future supply chain disruptions....