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

BMW Group signed a direct agreement with INOVA Semiconductors and GlobalFoundries to secure supply of several million microchips per year for its ISELED smart-LED technology.

- Type: Contract
- Announced: 2023-05-08
- Status: completed
- 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

- [silicon-saxony.de](https://silicon-saxony.de/globalfoundries-direkte-vereinbarung-mit-bmw-group-fuer-lieferung-von-mikrochips/), 2023-05-08: "Über die Vereinbarung sichert sich die BMW Group die Versorgung mit mehreren Millionen Mikrochips pro Jahr."

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