It includes implementing a semiconductor database to provide full transparency on the semiconductor content.

The company will look for systematic risk assessment to avoid and proactively remove legacy parts and a long-term chip level demand forecast to support capacity securitization agreements with chip makers and Silicon Foundries.

Stellantis will opt to purchase mission-critical parts at chip makers, including a long-term securitization of chip supply.

To date, Stellantis has entered into direct agreements for semiconductors with a purchasing value of more than €10 billion through 2030. 

The agreements include the supply of Silicon Carbide (SiC) MOSFETS for EVs, Microcontroller Unit (MCU), System-on-a-chip (SoC), which is crucial for in-vehicle infotainment and autonomous driving assist functions.

Semiconductors play key roles in the vehicles driving the Stellantis transformation into a sustainable mobility tech company, as outlined in Dare Forward 2030.

Price Action: STLA shares are trading higher by 0.21% at $18.70 on the last check Tuesday.