HomeNewsWorldGeneral Motors aims to tackle chip shortage with new designs made in North America

General Motors aims to tackle chip shortage with new designs made in North America

Mark Reuss told an investor conference GM is working with seven chip suppliers on three new families of microcontrollers that will reduce the number of unique chips by 95% on future vehicles.

November 19, 2021 / 08:06 IST
No. 8 General Motors | Amount raised - $15.8 billion | Date of IPO – November 2010. (Image: Reuters)

General Motors aims to tackle the global semiconductor shortage with new designs built in North America, President Mark Reuss said.

Reuss told an investor conference GM is working with seven chip suppliers on three new families of microcontrollers that will reduce the number of unique chips by 95% on future vehicles.

The supplier partners include Qualcomm, STM, TSMC, Renesas, NXP, Infineon and ON Semi, he said.

Most of GM’s future investment in the new microcontroller families "will flow to the U.S. and Canada," Reuss said.

Reuters
first published: Nov 19, 2021 08:06 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347