Ford Reveals How It Plans To Tackle The Chip Shortage

“The other thing we must do is secure contracts with our supplier or suppliers, where possible, in commodities we know will be constrained like semiconductors,” Farley said. “In the case of semiconductors, that will require both mature node semiconductors or feature-rich semiconductors like window regulators, as well as the advanced nodes that run our connectivity electronic components, as well as infotainment. These will be very important, and you’ve seen announcements like GlobalFoundries, there’ll be more of those, and we’ll have to do it on the raw material and the battery side as well.”

Ford allied with GlobalFoundries last year, and the US chipmaker has promised to double its output in 2022. GlobalFoundries will invest an additional $6 billion to expand its production capacity but freely admitted that the shortage will still last well into 2022 and beyond.

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