General Motors Reaches Deal to Ensure Its Chip Supply

General Motors has reached an agreement with a large computer chip maker to help ensure it has a steady supply of semiconductors as it ramps up production of electric vehicles and complex components that require increases in computing power.Under the agreement, the chip maker, GlobalFoundries, agreed to set aside a portion of its manufacturing capacity exclusively to make chips for G.M. The automaker plans to introduce more than two dozen electric vehicles around the world over the next two years.

Read at www.nytimes.com