Car Manufacturers In Deals with Electronics Firms

As tech firms invest in semiconductor production to meet demand, automotive manufacturers are tying up with tech firms to secure supply.  An example is BMW who signed a supply deal with Inova Semiconductors and Global Foundries in December 2021. Other companies have been ramping down production, with Ford closing factories in 2021. Jaguar Land Rover (JLR) sales dropped 1.2% in 2021 attributed to the semiconductor shortage (order books remain healthy). Nissan CEO Makoto Uchida said while production was on track, "day by day we're in close discussion with suppliers". Tesla has managed supply well, though has reportedly omitted electronic control units in steering racks for some models, according to CNBC. Porsche has been unusual in predicting record sales despite shortages.