Stellantis, Foxconn to develop chips as carmaker seeks software revenue

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The Detroit News

The maker of Jeep SUVs and Ram pickup trucks said Tuesday it will partner with iPhone contract manufacturer Foxconn Technology Group to design purpose-built semiconductors to support Stellantis NV and other customers as the transatlantic automaker expects to earn $22.5 billion (20 billion euro) in revenue from software-enabled product offerings and subscriptions by 2030. The announcement of the non-binding agreement comes amid a pandemic-induced global microchip shortage that has forced auto plants throughout the World to idle for months in some cases. With Foxconn, also known as Hon Hai Preci…

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