An article yesterday in the Wall Street Journal warns that the “chip famine” starving vehicle manufacturers of needed electronics will likely continue widely into late 2022 and further for more advanced chips.
The article, by David Yergin, vice chairman of IHS Markit, and Matteo Fini, vice president for automotive supply chain and technology at IHS Markit, explains that the chip shortage has reduced vehicle production by seven million vehicles so far this year and has reduced inventory levels to just 30% of pre-pandemic levels.
“The chip famine won’t be solved quickly. The automotive team at IHS Markit calculates that semiconductor
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.