Press "Enter" to skip to content

Ford, GM Step Into Chip Business

https://news.google.com/__i/rss/rd/articles/CBMiZWh0dHBzOi8vd3d3Lndzai5jb20vYXJ0aWNsZXMvZm9yZC1lbnRlcnMtc2VtaWNvbmR1Y3Rvci1idXNpbmVzcy1hbWlkLWNoaXAtc2hvcnRhZ2UtaW1wYWN0LTExNjM3MjQyMjAy0gEA?oc=5

Detroit’s two biggest auto makers— Ford Motor Co. and General Motors Co. —are looking to get into the semiconductor business, after a year of computer-chip shortages that snarled their global factory output.

Ford on Thursday morning outlined a strategic agreement with U.S.-based semiconductor manufacturer GlobalFoundries Inc. to develop chips, a pact that could eventually lead to joint U.S. production.

More from FinanceMore posts in Finance »