DETROIT (Reuters) – Ford Motor Co, in response to the global semiconductor shortage, is redesigning automotive components to use more accessible chips, the No. 2 U.S. automaker’s chief executive said on Thurdsay.
Jim Farley, speaking at Ford’s online annual shareholder meeting, also said the company is weighing other strategies for the future, including building a buffer supply of chips and signing supply deals directly with the foundries that make the wafers use in semconductors.
(Reporting by Ben Klayman in Detroit)
