BMW signs supply deal with GloFo
The agreement guarantees the BMW Group the supply of several million ICs a year.
The deal follows a similar agreement struck last month between GloFo and Ford.
BMW’s chips will be used in the ISELED smart LED technology co-developed by BMW, which will be deployed for the first time in the BMW iX and rolled out in further models. Customer deliveries of the BMW iX got underway in early November.
“We are deepening our partnership with suppliers at key points in the supplier network and synchronising our capacity planning directly with semiconductor manufacturers and developers,” says BMW director Dr Andreas Wendt, “this pioneering agreement marks the next logical step in securing our supplies in an even more proactive manner going forward.”
This agreement aims to build more secure, and resilient supply-chain partnerships and accelerate technology development.