General Motors Co. and GlobalFoundries have entered into a strategic, long-term agreement for the Malta-based company to supply computer chips for the automobile maker.<\/p>\n
Through this agreement, GlobalFoundries will manufacture for GM\u2019s key chip suppliers at GlobalFoundries\u2019 advanced semiconductor facility in upstate New York, bringing a critical process to the U.S., officials said.<\/p>\n
The agreement supports GM\u2019s strategy to reduce the number of unique chips needed to power increasingly complex and tech-laden vehicles, the company said. With this strategy, chips can be produced in higher volumes and are expected to offer better quality and predictability, maximizing high value content creation for the end customer.<\/p>\n
Semiconductors are the foundation of the technologies that are powering the electrification, autonomous driving and connectivity of the auto industry, and they have been center stage in the global chip shortage that has impacted automakers the last couple of years.<\/p>\n
\u201cWe see our semiconductor requirements more than doubling over the next several years as vehicles become technology platforms,\u201d said Doug Parks, GM executive vice president of global product development, purchasing and supply chain. \u201cThe supply agreement with GlobalFoundries will help establish a strong, resilient supply of critical technology in the U.S. that will help GM meet this demand, while delivering new technology and features to our customers.\u201d<\/p>\n
<\/span><\/span>Dr. Thomas Caulfield, president and CEO of GlobalFoundries said his company is \u201ccommitted to working with our customers in new and innovative ways to best address the challenges of today\u2019s global supply chains.<\/p>\n \u00a0<\/span>\u201cGlobalFoundries will expand its production capabilities exclusively for GM\u2019s supply chain, enabling us to strengthen our partnership with the automotive industry and New York state, while further accelerating automotive innovation with U.S.-based manufacturing for a more resilient supply chain.\u201d<\/p>\n U.S. Sen. Charles Schumer called the pact a \u201cfirst-of-its-kind agreement\u201d that \u201cis going to drive the Capital Region economy forward and ensure Upstate New York remains in the driver\u2019s seat as one of the nation\u2019s leading hubs for semiconductor manufacturing that is so critical to the supply chain of the auto industry.\u00a0<\/span><\/p>\n \u201cI have long said that Upstate New York\u2019s semiconductor corridor will be a major engine powering America\u2019s technological future, and now \u2018Made in New York\u2019 chips will help jump-start the next generation of vehicles for GM across the country.\u201d<\/p>\n Gov. Kathy Hochul said, \u201cWe\u2019re making New York State not only the semiconductor capital of the country \u2014 but of the globe. This agreement will help to further establish New York state as a major hub for semiconductor manufacturing. With our nation-leading Green CHIPS legislation and the new Governor\u2019s Office of Semiconductor Expansion, Management, and Integration, we are helping businesses like GM and GlobalFoundries expand the chips manufacturing ecosystem in our state, creating jobs and opportunities for generations to come.\u201d<\/p>\n General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at www.gm.com.<\/p>\n","protected":false},"excerpt":{"rendered":" General Motors Co. and GlobalFoundries have entered into a strategic, long-term agreement for the Malta-based company to supply computer chips for the automobile maker. Through this agreement, GlobalFoundries will manufacture for GM\u2019s key chip suppliers at GlobalFoundries\u2019 advanced semiconductor facility in upstate New York, bringing a critical process to the U.S., officials said. The agreement […]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"\r\n