Why This New Deal Could Help Solve the Auto Industry's Chip Shortage
Nearly all automakers have been affected by the global shortage of semiconductors, specifically the kinds of sturdy old-school chips that are found throughout today's automobiles. Now, we're starting to see automakers respond by taking control of their chip supply chains -- and while they're at it, moving away from those old-school chips in favor of advanced custom-tailored semiconductors.
In this Motley Fool Live video, recorded on Dec. 9, Industry Focus host Nick Sciple and Motley Fool senior auto specialist John Rosevear took a look at a recent deal involving Stellantis (NYSE: STLA) and Taiwanese electronics giant Hon Hai Precision (OTC: HNHAF), better known as Foxconn, and why automakers increasingly see chips as a key differentiator.
A transcript follows the video.
Source Fool.com
