Ford and GM are getting into chip development to help deal with the shortage

A year into the computer chip shortage that’s heavily affecting vehicle production, Ford announced a collaboration with chipmaker GlobalFoundries Inc., as The Wall Street Journal first reported.

Ford’s press release about the non-binding agreement is light on specifics but mentions plans “to advance semiconductor manufacturing and technology development within the United States.” Without committing to building any plants, the two companies say they will “explore expanded semiconductor manufacturing opportunities to support the automotive industry.” Speaking during an event later in the day, GM CEO Mark Reuss said his company is working to co-develop new chips with many semiconductor partners like Qualcomm, TSMC, and others.

Ford’s VP...

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