Volkswagen to Develop New Semiconductor With STMicro Amid Chip Crunch

Volkswagen to Develop New Semiconductor With STMicro Amid Chip Crunch
Volkswagen logo at the 2022 New York International Auto Show in Manhattan, New York, on April 13, 2022. Brendan McDermid/Reuters
Reuters
Updated:

PARIS/BERLIN—Germany’s Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry’s supply chain, the companies said on Wednesday.

The move illustrates how Volkswagen, Europe’s biggest carmaker, is striving to gain greater control over the supply of chips.