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Stellantis (STLA) secures $11.2B in semiconductor chip contracts

July 18, 2023 1:31 PM EDT

Stellantis (NYSE: STLA) made an announcement Tuesday stating that the Dodge Chrysler-parent has successfully entered into contracts with several semiconductor manufacturers to guarantee the flow of vital chips for electric vehicles and high-performance computing functions. The contracts are worth approximately 10 billion euros ($11.2 billion)... More