Ford redesigning parts to use more accessible chips, weighing direct deals with chip foundries
Reuters2021-05-13
DETROIT, May 13 (Reuters) - Ford Motor Co , in response to the global semiconductor shortage, is redesigning automotive components to use more accessible chips, the No. 2 U.S. automaker's chief executive said on Thurdsay.
Jim Farley, speaking at Ford's online annual shareholder meeting, also said the company is weighing other strategies for the future, including building a buffer supply of chips and signing supply deals directly with the foundries that make the wafers use in semconductors.
(Reporting by Ben Klayman in Detroit)
((benjamin.klayman@thomsonreuters.com; 313-600-2277; Reuters Messaging: benjamin.klayman.thomsonreuters.com@reuters.net))
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