TSMC, Robert Bosch, Infineon Tech and NXP Semiconductors will jointly invest in European Semiconductor Manufacturing Co.
The strategy aims to help Stellantis secure the long-term supply of vital microchips.
Plans to invest 1.5 billion USD in strategically important semiconductor business for electromobility.
Gary Swedback, CEO of NAI Mexico & NAI PanAmericas, also discusses China, Nearshoring, Ukraine, Chips Act and more.
Automakers are urging the Biden Administration and congressional leaders to finalize legislation that will include $52 billion in incentives.
DENSO leaders discussed the mobility supplier’s short- and mid-term plans in semiconductor fields.
The demand for semiconductors required in the electrification of vehicles is rapidly increasing, the companies say.
The America COMPETES Act includes $52 billion to dramatically increase semiconductor production in the United States.
In response to growing demand for chips, Bosch will add 150 jobs and 4,000 square meters of new clean-room space.
Intel outlines plans to ramp up chip production and help automotive customers leverage leading-edge silicon.