BMW secures several million chips per year from INOVA, GlobalFoundries

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The semiconductors will first be deployed in the BMW iX model and then rolled out to other models, BMW said in a statement.

“We are deepening our partnership with suppliers at key points in the supplier network… [this] secures our needs for the long term,” said Dr Andreas Wendt, BMW board member responsible for Purchasing and Supplier Network.

BMW also recently signed a deal with Qualcomm (NASDAQ:QCOM) to use their chips in its driver assistance and self-driving systems.