A global semiconductor shortage has constrained auto production all year, creating production—and stock market—volatility for the entire automotive sector. Ford Motor is taking new steps to minimize the impact on its operations.

Ford (ticker: F) and GlobalFoundries (GFS) on Thursday announced a collaboration to manufacture automotive semiconductors in the U.S. The alliance shows that after their difficult 2021, car companies want more control over the supply of chips that enable almost all of the features common on new automobiles.

…