AMSTERDAM, December 7, 2021 - Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) ("Stellantis") and Hon Hai Technology Group, ("Foxconn") (TWSE: 2317) today announced the signing of a non-binding memorandum of understanding to create a #partnership with the intent to design a family of purpose-built semiconductors to support #stellantis and third-party customers.
"Our software-defined transformation will be powered by great partners across industries and expertise," said Carlos Tavares, #stellantis CEO. "With #foxconn, we aim to create four new families of chips that will cover over 80% of our semiconductor needs, helping to significantly modernize our #components, reduce complexity, and simplify the supply chain. This will also boost our ability to innovate faster and build products and services at a rapid pace."
This #partnership was announced as part of the Stellantis Software Day 2021 event where the Company unveiled STLA Brain, the new electrical/electronic and software architecture launching in 2024 across Stellantis' four battery electric vehicle-centric platforms – STLA Small, Medium, Large and Frame. STLA Brain is fully OTA capable, making it highly flexible and efficient.
"As a leading global technology company, #foxconn has the depth of experience in manufacturing semiconductors and software - two key #components in the production of electric vehicles. We look forward to sharing this expertise with #stellantis and together tackle the long-term supply chain shortages, as we continue with the expansion into the electric vehicle market," said Young Liu, Chairman & CEO of #foxconn Technology Group.
The collaboration will support Stellantis' initiatives to reduce semiconductor complexity, design an all-new family of purpose-built semiconductors to support #stellantis vehicles, and provide capabilities and flexibility in this area of growing importance as vehicles become increasingly software-defined.
The #partnership will leverage Foxconn's domain know-how, development capabilities, and supply chain in the semiconductor industry, as well as Stellantis' expansive #automotive expertise and significant scale as a lead customer for the enterprise.
Foxconn has a long-running history of developing semiconductors and applications within consumer electronics, which will expand to the #automotive space with the guidance and demand of a world-class mobility partner. These same semiconductors will be utilized within the #foxconn EV ecosystem as #foxconn continues to extend its capabilities in electric vehicle manufacturing.
Today's announcement marks the second collaboration between #stellantis and #foxconn. In May, the companies announced the Mobile Drive joint venture aimed at developing smart cockpit solutions enabled by advanced consumer electronics, HMI interfaces and services that will exceed customer expectations.
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