Hyperdrive
Ford Explores Buying Chips Directly from GlobalFoundries to Offset Shortage
- Automaker may also design chips with supplier as part of pact
- Shortages, growing role of technology in cars force changes
Photographer: Angel Navarrete/Bloomberg
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Ford Motor Co., responding to a global semiconductor shortage that’s crimped profits and production, will explore buying chips directly from GlobalFoundries Inc.
The automaker said Thursday it’s forming a “strategic collaboration” with GlobalFoundries, which went public in a $2.6 billion listing last month and recently moved its headquarters from California to Malta, New York, where it’s expanding a foundry to add capacity.