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Semiconductor crisis: latest updates as chip shortage cripples industry
Production shortages are still biting hard, with supply troubles expected well into 2022
After a difficult year where the automotive and technology industries have been hampered by production shortages, several manufacturers are still feeling the strain with some having to close production lines earlier than originally planned.
The crisis looks likely to continue well into 2022 despite some, including Toyota, believing the worst was already over. Many firms have now moved to agree significant deals with large electronic manufacturers to ensure a consistent supply of semiconductors well into the future.
The shortage of semiconductors initially stemmed from increased demand for personal computers, tablets and smartphones at the height of the Covid-19 pandemic, which largely diverted supply away from the automotive sector, and now extends to Covid-related closures at semiconductor factories and international shipping ports.
Previously, Autocar reported that a number of manufacturers were urgently seeking to overhaul their components supply chains as a workaround to ensure continued production. Analysis company IHS Markit said at the time that the shortage could cut global production by nearly 700,000 vehicles year on year, although the final figure could be even higher.
www.autocar.co.uk
Production shortages are still biting hard, with supply troubles expected well into 2022
After a difficult year where the automotive and technology industries have been hampered by production shortages, several manufacturers are still feeling the strain with some having to close production lines earlier than originally planned.
The crisis looks likely to continue well into 2022 despite some, including Toyota, believing the worst was already over. Many firms have now moved to agree significant deals with large electronic manufacturers to ensure a consistent supply of semiconductors well into the future.
The shortage of semiconductors initially stemmed from increased demand for personal computers, tablets and smartphones at the height of the Covid-19 pandemic, which largely diverted supply away from the automotive sector, and now extends to Covid-related closures at semiconductor factories and international shipping ports.
Previously, Autocar reported that a number of manufacturers were urgently seeking to overhaul their components supply chains as a workaround to ensure continued production. Analysis company IHS Markit said at the time that the shortage could cut global production by nearly 700,000 vehicles year on year, although the final figure could be even higher.
Latest updates as semiconductor chip crisis cripples industry | Autocar
Production resumes for most firms but others suffer in the end-of-year financial results