Stellantis, Foxconn to develop chips as carmaker seeks software revenue

The maker of Jeep SUVs and Ram pickup trucks said Tuesday it will partner with iPhone contract manufacturer Foxconn Technology Group to design purpose-built semiconductors to support Stellantis NV and other customers as the transatlantic automaker expects to earn $22.5 billion (20 billion euro) in revenue from software-enabled product offerings and subscriptions by 2030.

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