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Global Chip Shortage Leads Car Giants to Cut Production

Author: QYResearch  |   Published Date: 2021-08-20   |   Views: 84



The 2020–21 global chip shortage is an ongoing crisis in which the demand for integrated circuits (commonly known as semiconductor chips) is greater than the supply, affecting more than 169 industries and has led to major shortages and queues amongst consumers for video cards, video game consoles, cars and other electrical devices(Cited from Wikipedia).

Volkswagen and Toyota have become the latest carmakers to warn about production cuts because of the global computer chip shortage. German car manufacturer Volkswagen said a semiconductor supply crunch could force it to slow production lines during the autumn, adding to cuts that have been in place since February. Japanese firm Toyota also reported that it would slash output by 40% in September.

Actually, the chip shortage has impacted many industries seriously. Many enterprises worry about the chip shortage. Presently, industry insiders think the shortage status will be likely to continuous until 2023. The below news title are related with chip shortage published by news media in this week:

1 Chip shortage: Toyota to cut global production by 40%

2 Knockoff semiconductor chips flood the enterprise market

3 Senators call on Taiwan for aid in automotive chip shortage

4 Ford will halt production at U.S. truck plant for week over chip shortage

5 Global chip shortage may last until 2023, says Infineon CEO

6 China reports local chipmaking boom with output up more than 40%

7 Singapore looks to bolster chipmaking amid Taiwanese domination of industry

 

One firm’s crisis is another’s opportunity. A shortage of semiconductors has helped pump up the valuations of firms such as Nvidia, whose chips power everything from video-gaming to machine learning and data centres. But boom time for sellers means misery for buyers. Carmakers, whose products have become computers on wheels, are among the victims. Profits at Ford, America’s second-biggest carmaker by volume, fell by half in the most recent quarter amid a global shortage of chips. Analysts say the industry might build around 5m fewer cars this year, all for want of their tiniest components(Source: The Economist Newspaper).


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