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Global chip shortage on track to sting automakers for $210B

Published by The Stack
September 23, 2021 @ 12:31 PM

The Stack is one of the UK’s fastest growing business technology publications. Founded in late 2020 by Edward Targett, the former editor of Computer Business Review, it regularly features interviews with some of the world’s most influential digital leaders, along with think pieces, news, and business intelligence. You can follow The Stack on LinkedIn here.

Global chip shortage on track to sting automakers for $210B

semiconductor shortage automakers
 The inside of a TSMC fab. Credit: TSMC

The global semiconductor shortage is on track to cost automakers over $200 billion in lost earnings in 2021, according to consultancy AlixPartners, as companies exhaust their stockpiles — VW was among those lowering its forecast for deliveries to customers in H2 has a result of the shortage, while Ford said in April it was on track to “lose about 50% of our planned volume in the second quarter” due to the semiconductor shortage; having posted a 40% sequential decline in wholesales in North America in Q1 due to the semiconductor shortage. (A Covid outbreak in Malaysia meanwhile has resulted in closures of chip assembly, test and packaging facilities.)

Posted in:CIONET UK

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