Ford Motor Co. is looking to get into the semiconductor business, after a year of computer-chip shortages that snarled its global factory output.
Ford entered a strategic agreement with U.S.-based chip maker GlobalFoundries Inc. to develop chips, a pact that could eventually lead to joint production in the U.S., the companies said Thursday. They didn’t disclose terms or say how much they might invest in future production capacity.
Read More: Ford Steps Into the Chips Business