Infineon and Stellantis sign a chip supply agreement

German chip manufacturer Infineon issued a statement yesterday saying that it has signed a non-binding memorandum of understanding with global automaker Stellantis to provide silicon carbide for many years. semiconductor.

According to the agreement, Infineon will reserve capacity from 2025 to 2030 to provide power semiconductors directly to Stellantis suppliers. Infineon said the agreement could involve chips worth more than 1 billion euros (about 7.27 billion yuan), which it said would be used in electric vehicles under the Stellantis brand.

Stellantis Group's brands include Abarth, Alfa Romeo, Chrysler, Citroen, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, and Leasys. In the third quarter of 2022, the global sales of pure electric vehicles of the Stellantis Group reached 68,000 units, a year-on-year increase of 41%.

Chip shortages in the past few years have forced global automakers to cancel production plans for millions of vehicles. Stellantis Chief Executive Carlos Tavares said last month that he expects the semiconductor supply chain to remain tight until the end of next year.

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