# BMW Group signs direct supply agreement with INOVA Semiconductors and GlobalFoundries

BMW Group concluded a direct supply assurance agreement with INOVA Semiconductors and GlobalFoundries to secure several million microchips per year for ISELED smart LED technology, first used in the BMW iX.

- Type: Contract
- Announced: 2021-12-08
- Status: announced
- Products: microchips, ISELED smart LED technology
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [GlobalFoundries](https://endata.com/companies/664.md) (supplier)
- [BMW](https://endata.com/companies/13009.md) (customer)
- [INOVA Semiconductors](https://endata.com/companies/59534.md) (supplier)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news/bmw-group-signs-direct-agreement-with-chip-suppliers-to-secure-supplies/), 2021-12-08: "This pioneering agreement marks the next logical step in securing our supplies in an even more balanced and proactive manner going forward."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.