Chip shortage will continue to affect automakers
The global chip shortage continues to impact the automotive industry as chip manufacturers struggle to handle the backlog of orders due to a combination of factors, including the COVID-19 pandemic and natural disasters in the United States and Asia. This shortage has led to production disruptions and supply chain challenges for automakers worldwide. In fact, some experts predict that the chip crisis could result in a production loss of up to 9.5 million vehicles.
The automotive industry heavily relies on semiconductor chips for various applications, including engine management, infotainment systems, advanced driver-assistance systems, and more. However, the demand for chips has surged in recent years, driven by the growing integration of electronic components in vehicles. Additionally, ...