Volkswagen Group seeks more control over semiconductor supply
Volkswagen Group has begun directly purchasing semiconductors it believes to be strategically important from 10 manufacturers including NXP Semiconductors, Infineon Technologies and Renesas Electronics.
Previously, Volkswagen Group relied on Tier 1 component suppliers to purchase semiconductors. Suppliers were free to decide which parts they used.
The German automaker has started making direct deals with chip manufacturers to make sure its supply planning is secure.
The increasing electrification of vehicles and the growing trend of using auxiliary functions for autonomous driving are increasing the demand for semiconductors.
Volkswagen Group believes that this trend will continue and that semiconductors will become increasingly important in automobile production in the future.
VW partners with STMicroelectronics to develop new semiconductor
Volkswagen Group and Franco-Italian semiconductor manufacturer STMicroelectronics announced plans to collaborate to develop a new semiconductor in July.
The new semiconductor will be developed for Volkswagen Group's electric vehicles.
German government invests billions of euros to support semiconductor production
The German government has invested billions of euros to support semiconductor production.
These investments aim to attract the world's largest contract chip manufacturers to Germany.
US-based Intel and Taiwanese companies announced that they will build factories in Germany this year.
