GlobalFoundries and Ford Motor Company have jointly announced a strategic collaboration to advance semiconductor manufacturing and technology development within the US, aiming to boost chip supplies for Ford and the US automotive industry.
The companies have signed a non-binding agreement that opens the door for GF to create further semiconductor supply for Ford's current vehicle lineup and joint R&D to address the growing demand for feature-rich chips to support the automotive industry. These could include semiconductor solutions for ADAS, battery management systems and in-vehicle networking for an automated, connected and electrified future.
GF and Ford also will explore expanded semiconductor manufacturing opportunities to support the automotive industry, according to the companies.
The announcement is consistent with both companies' commitment to building innovative business relationships to regain supply-demand balance for chips in the auto industry, as well as efforts to further accelerate technology innovation for the US auto industry.
The collaboration leverages both companies' strengths, and this strategic deal does not involve cross-ownership between the two companies.