Car production would normalise by the first half of FY22-23
2 years, 11 months ago

Car production would normalise by the first half of FY22-23

Live Mint  

Global chip shortage has hampered the production of cars across the world. Now these car makers say that the vehicle production would rebound in the first half of this year if this global chipset crisis eases down. "The normalization of auto chip supply and demand is expected in the third quarter, when the capacity of semiconductor companies is expected to rise," Executive Vice President Seo Gang Hyun. The shortage will continue in the first quarter due to the spread of the Omicron variant, Seo said, adding it was the prolonged COVID-19 pandemic in Southeast Asia and resulting chip sourcing troubles that pushed Hyundai's sales to less than the targeted 4 million vehicles in 2021. Hyundai and its affiliate Kia Corp, together among the world's top 10 automakers by sales, have forecast a 12.1% jump in their combined global sales for 2022, after their sales fell almost 4% short of a target of 6.92 million vehicles last year due to the chip shortages.

Car Hyundai Chip  vehicles  car  toyota  normalise  production  shortage  chip  fy2223  million  seo  sales  sourcing  half  global

History of this topic

Chip shortage to continue for few more quarters, to impact vehicles delivery, says Maruti Suzuki official
1 year, 9 months ago

Chip shortage to continue for few more quarters, to impact vehicles delivery, says Maruti Suzuki official

India TV News  

Chip shortage: The issue of semiconductor shortage is likely to stretch for a few more quarters that will impact the delivery of certain models, a senior Maruti Suzuki India official said. The company has an order backlog of around 3.69 lakhs with Ertiga leading the pack close to 94,000 units, Grand Vitara around 37,000 units and Brezza with 61,500 units. …

Carmakers signal end of shortages after two years of runaway prices
1 year, 11 months ago

Carmakers signal end of shortages after two years of runaway prices

The Telegraph  

The world’s biggest car maker is ramping up production after three years of disruption, adding to hopes of cheaper cars and shorter waiting times for drivers. Meanwhile, its closest rival Volkswagen said it expects to return to growth in China, the world’s largest car market and a big source of critical parts. The Model 3 now costs less than rivals …

Chip shortages still plague Toyota, some other auto makers
2 years, 1 month ago

Chip shortages still plague Toyota, some other auto makers

Live Mint  

Overall demand for semiconductors may be softening, but the world’s biggest auto maker says it still can’t get its hands on enough chips. Toyota’s Mr. Kumakura said supply conditions have relaxed for certain types of chips that are used by both the automotive and consumer-electronics industries. “Overall, I would say chips are getting better than certainly where they were a …

Global chip shortage likely to last through 2023, warns US official
2 years, 6 months ago

Global chip shortage likely to last through 2023, warns US official

Firstpost  

Shutdowns of key Asian suppliers due to the coronavirus pandemic crippled supplies last year, just when American consumers, flush with cash from government aid, went on a spending spree buying cars and electronics, which depend on the chips The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce Secretary Gina …

Intel And TSMC Facing Other Issues Due To Global Chip Shortage
2 years, 6 months ago

Intel And TSMC Facing Other Issues Due To Global Chip Shortage

News 18  

Chips for chipmaking machines are one of the things in short supply amid chip shortage constraints, say executives from Intel and Apple chipmaker TSMC. According to 9To5Mac, buying new chipmaking machines was never a speedy process, given their complexity and delicacy, but lead times before the pandemic were measured in months. While many commentators say they expect the chip shortage …

Global Chip Shortage Could Ease This Year Despite China Lockdowns
2 years, 8 months ago

Global Chip Shortage Could Ease This Year Despite China Lockdowns

ABP News  

New Delhi: The global chip shortage, that plagued several industries like automotive and consumer electronics, is set to ease during the second half of the year despite lockdowns in China as demand-supply gaps decrease across most components, a new report has said. “Coupled with wafer production expansion and continuous supplier diversification, we have witnessed significant improvement in the component supply …

Global Chip Shortage Could Ease Up This Year, Even With China On Lockdown
2 years, 8 months ago

Global Chip Shortage Could Ease Up This Year, Even With China On Lockdown

News 18  

The global chip shortage, that plagued several industries like automotive and consumer electronics, is set to ease during the second half of the year despite lockdowns in China as demand-supply gaps decrease across most components, a new report has said. “Coupled with wafer production expansion and continuous supplier diversification, we have witnessed significant improvement in the component supply situation, at …

Global Chip Shortage to Send China's EV Industry Into Partial Freeze in Early 2022
2 years, 11 months ago

Global Chip Shortage to Send China's EV Industry Into Partial Freeze in Early 2022

News 18  

The global chip shortage is set to send China’s EV industry into partial freeze in the first half of 2022, as there will be a shortfall of at least 1 million electric cars amid the soaring demand. According to South China Morning Post, the companies can produce enough semiconductors, microcontroller units and high-end chips with artificial intelligence processors for 4 …

Indian Automotive Industry Hopes for Smoother Sailing in New Year After a Bumpy 2021
3 years ago

Indian Automotive Industry Hopes for Smoother Sailing in New Year After a Bumpy 2021

News 18  

The Indian automotive industry is driving into 2022 with a positive mindset in its quest to reach the pre-pandemic levels of sales volume, having built a solid foundation in 2021 amid semiconductor shortage hampering production. Sharing the optimism, Tata Motors President, Passenger Vehicle Business Unit, Shailesh Chandra said, "Looking ahead, we expect the demand for passenger ICE and electric vehicles …

5 in 10 top Automakers to Design Their Own Chips by 2025: Gartner Report
3 years ago

5 in 10 top Automakers to Design Their Own Chips by 2025: Gartner Report

News 18  

The deepening global chip shortage, along with trends such as electrification and autonomy, will force five out of 10 top automotive original equipment manufacturers to design their own chips by 2025, a new Gartner report said earlier. In most cases, chip makers are traditionally tier 3 or 4 suppliers to automakers, which means it usually takes a while until they …

Carmakers get inventive as global chip crisis bites
3 years ago

Carmakers get inventive as global chip crisis bites

The Hindu  

Whether buying computer chips directly from manufacturers, reconfiguring cars, or producing them with parts missing, automakers are having to get creative to cope with the global shortage of semiconductors. "You have seen the problems that arise when you treat the chip companies like other suppliers and stop the calls," he said. Rather than using one specific chip, these are designed …

Until 2023? Parts shortage will keep auto prices sky-high
3 years, 3 months ago

Until 2023? Parts shortage will keep auto prices sky-high

Associated Press  

TOLEDO, Ohio — Back in the spring, a shortage of computer chips that had sent auto prices soaring appeared, finally, to be easing. “This is a fluid situation that is impacting the entire industry’s global supply chain, and we are adjusting production as necessary,” said Chris Abbruzzese, a Honda spokesman. Then, just as auto chip production started to rebound in …

Chipmakers helping solve global shortage
3 years, 4 months ago

Chipmakers helping solve global shortage

China Daily  

A technician works on a chip production line in Suining, Sichuan province. LIU CHANGSONG/FOR CHINA DAILY New local capacity boosts output of semiconductors in July by 41% y-o-y Chip-making companies in China are working hard to help solve a global shortage of semiconductor products, as can be seen from the record output of integrated circuits, or ICs, in the country …

Chip shortage forces Toyota to cut car production
3 years, 4 months ago

Chip shortage forces Toyota to cut car production

The Telegraph  

Toyota, the world’s largest car maker, is to slash global production by 40pc as it becomes the latest vehicle manufacturer to be hit by a global shortage of microchips. Toyota had so far escaped the chip supply crisis that has plagued the wider industry due to its larger stockpiles of key components which it maintained after the Fukushima nuclear disaster …

State Of Chip Shortage: Blame Bitcoin For The Long Wait For Your New Car And Sony PlayStation 5?
3 years, 6 months ago

State Of Chip Shortage: Blame Bitcoin For The Long Wait For Your New Car And Sony PlayStation 5?

News 18  

You craved for all sorts of smartness with gadgets. “While the chipset shortage is impacting several sectors including PCs, we are constantly working on ways to ensure smooth supply of products and devices to our end users,” Vickram Bedi, Senior Director, Personal Systems at HP India, had told News18 last month, when asked about how the chip shortage is impacting …

Chip shortage to cost automakers $110 bln in revenues in 2021
3 years, 7 months ago

Chip shortage to cost automakers $110 bln in revenues in 2021

The Hindu  

The global semiconductor chip shortage will cost automakers $110 billion in lost revenues this year, up from a prior estimate of $61 billion, consulting firm Alix Partners said, as it forecast the crisis will hit the production of 3.9 million vehicles. The chip crunch has driven home the need for automakers to be "proactive" right now, and create "supply-chain resiliency" …

Microchip crisis to cost carmakers $110bn this year
3 years, 7 months ago

Microchip crisis to cost carmakers $110bn this year

The Telegraph  

The global shortage of semiconductor chips will cost carmarkers $110bn in lost revenue this year, according to business consultancy AlixPartners. Modern cars include about 1,400 semiconductor chips and that figure is expected to keep rising, making the shortage “a critical issue for the industry”, said AlixPartners’ Dan Hearsch. before we get enough incremental capacity online to alleviate all aspects of …

Why Apple has chips for iPhones while Ford got caught short
3 years, 7 months ago

Why Apple has chips for iPhones while Ford got caught short

The Hindu  

On the same day that Ford Motor Co said it would be able to produce only half as many cars as planned due to a global chip shortage, Apple Inc announced blowout quarterly earnings as smartphone and computer sales soared, with the chip shortage having only a small impact on its business. The uneven impact of the chip shortage was …

The global chip shortage is going from bad to worse. Here’s why you should care
3 years, 7 months ago

The global chip shortage is going from bad to worse. Here’s why you should care

CNN  

London CNN Business — In the market for a new car, smartphone or washing machine this year? When the pandemic forced carmakers to temporarily shutter factories last year, semiconductor manufacturers reassigned spare production capacity to companies making smartphones, laptops and gaming devices — products in high demand from housebound consumers. In a call with analysts on Wednesday, Apple chief financial …

Starving for more chips in a tech-hungry world
3 years, 8 months ago

Starving for more chips in a tech-hungry world

The Hindu  

As the U.S. economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport and entertain us in a world increasingly dependent on technology. But things have been getting even worse in recent weeks, particularly in the auto industry, where factories are shutting down because …

Global chip shortage continues: What caused it, how it affects us, and how to prevent it from happening again
3 years, 8 months ago

Global chip shortage continues: What caused it, how it affects us, and how to prevent it from happening again

Firstpost  

As the US economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport and entertain us in a world increasingly dependent on technology. But things have been getting even worse in recent weeks, particularly in the auto industry, where factories are shutting down because …

EXPLAINER: Starving for more chips in a tech-hungry world
3 years, 8 months ago

EXPLAINER: Starving for more chips in a tech-hungry world

Associated Press  

SAN RAMON, Calif. — As the U.S. economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport and entertain us in a world increasingly dependent on technology. But things have been getting even worse in recent weeks, particularly in the auto industry, where factories …

Explainer: Why is There a Global Chip Shortage and Why Should You Care?
3 years, 8 months ago

Explainer: Why is There a Global Chip Shortage and Why Should You Care?

News 18  

From delayed car deliveries to a supply shortfall in home appliances to costlier smartphones, businesses and consumers across the globe are facing the brunt of an unprecedented shortage in semiconductor microchips. General Motors Co and Ford Motor Co are among the big carmakers who said they would scale down production, joining other automakers including Volkswagen AG, Subaru Corp, Toyota Motor …

Here’s how the world’s chip shortage is playing out for stocks
3 years, 8 months ago

Here’s how the world’s chip shortage is playing out for stocks

Live Mint  

A global semiconductor shortage has upended the supply of everyday devices from smartphones to gaming consoles to tech-dependent cars. It’s been a boon for companies such as Applied Materials Inc. and Lam Research Corp. that produce the equipment semiconductor makers need to boost output. Lenovo Group Ltd. said in August that its profit margins took a hit from the chip …

Here come the pickup truck and SUV delays
3 years, 9 months ago

Here come the pickup truck and SUV delays

CNN  

New York CNN Business — The computer chip shortage is starting to hit automakers where it really hurts, delaying deliveries of full-size pickups and SUVs. “But clearly that’s being the challenged right now.” Ford announced it has started building the nation’s best-selling vehicle, the F-150 pickup, without some of the chips it needs. Automakers cut back computer chip orders early …

World going through unprecedented chip shortage
3 years, 9 months ago

World going through unprecedented chip shortage

The Hindu  

The world is going through an unprecedented chip shortage, Zhou Zixue, a senior official with the China Semiconductor Industry Association, said on Wednesday, after semiconductor sales grew 18% last year. "If you are an experienced player, you will remember that in 1999 there was a similar crisis in this industry, but it was way smaller," Zhou, chairman of Semiconductor Manufacturing …

Carmakers wake up to new pecking order as chip crunch intensifies
3 years, 10 months ago

Carmakers wake up to new pecking order as chip crunch intensifies

The Hindu  

The semiconductor crunch that has battered the auto sector leaves carmakers with a stark choice: pay up, stock up or risk getting stuck on the sidelines as chipmakers focus on more lucrative business elsewhere. "Last year we had to furlough staff and bear the cost of carrying idle capacity," said a source at one European semiconductor maker, who spoke on …

White House working to address semiconductor shortage hitting auto production
3 years, 10 months ago

White House working to address semiconductor shortage hitting auto production

The Hindu  

The White House said Thursday administration officials are working to address a growing shortage of semiconductor chips that has slowed auto production around the world. White House press secretary Jen Psaki said the Biden administration is "currently identifying potential choke points in the supply chain and actively working alongside key stakeholders in industry and with our trading partners to do …

Asian chipmakers rush to boost production to meet global shortage
3 years, 10 months ago

Asian chipmakers rush to boost production to meet global shortage

The Hindu  

Asian chipmakers are rushing to expand their production capacity to meet a global shortage that has been acutely felt by carmakers, but the firms warn that the supply gap may take many months to plug as they struggle to keep up with strong demand. "We are under great pressure now," said Zhao Haijun, co-CEO of China's top chipmaker Semiconductor Manufacturing …

GM hit by chip shortage, to cut production at four plants
3 years, 10 months ago

GM hit by chip shortage, to cut production at four plants

The Hindu  

General Motors Co became the latest automaker hit by the global shortage of semiconductor chips as the U.S. automaker said on Wednesday it will take down production next week at four assembly plants. GM did not disclose how much volume it would lose or which supplier was affected by the chip shortage, but said the focus has been on keeping …

Chip crunch to impact global auto production into third quarter, says IHS
3 years, 10 months ago

Chip crunch to impact global auto production into third quarter, says IHS

The Hindu  

A shortage of auto chips could impact 672,000 units of global light vehicle production in the first quarter, data firm IHS Markit said on Wednesday, warning that the disruption could extend into the third quarter. Ford Motor Co, Toyota Motor Corp, Fiat Chrysler Automobiles and Nissan Motor Co had cut output due to the shortage, while Volkswagen has said the …

Chip shortage to hit production at some Volkswagen plants in February
3 years, 10 months ago

Chip shortage to hit production at some Volkswagen plants in February

The Hindu  

Chip supply bottlenecks will impact production at some of Volkswagen's plants in February, the carmaker said on Wednesday, adding it had applied for short-time work at its key Wolfsburg site on some days of the month. Global automakers are adjusting assembly lines due to semiconductor shortages, which have become a political issue since German Economy Minister Peter Altmaier wrote to …

Trump's China tech war backfires on automakers as chips run short
3 years, 11 months ago

Trump's China tech war backfires on automakers as chips run short

The Hindu  

Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration's actions against key Chinese chip factories, industry officials said. One automaker moved chip production from China's Semiconductor Manufacturing International, or SMIC, which was hit with U.S. government restrictions in December, to Taiwan Semiconductor Manufacturing …

A global chip shortage is hobbling carmakers at the worst possible time
3 years, 11 months ago

A global chip shortage is hobbling carmakers at the worst possible time

CNN  

London CNN Business — The world’s largest carmakers are facing a critical shortage of semiconductors that threatens to hamstring production just as the industry tries to stage a comeback from a sales slump caused by the pandemic. The company said in a statement on Monday that it is working closely with suppliers and prioritizing “key vehicle lines for production.” Fiat …

Ford shuts down a plant because it can’t find enough computer chips
3 years, 11 months ago

Ford shuts down a plant because it can’t find enough computer chips

CNN  

New York CNN Business — A computer chip shortage has shut down the Louisville, Kentucky, Ford plant this week, the latest shutdown because of an industry-wide problem that is expected to spread to many other auto plants in the coming months. “The global semiconductor shortage is presenting challenges and production disruptions – for the global auto industry, including Ford, which …

Semiconductor shortage forces automobile production cuts
3 years, 11 months ago

Semiconductor shortage forces automobile production cuts

Associated Press  

DETROIT — A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns. Fiat Chrysler has temporarily car closed factories in Brampton, Ontario, and a small-SUV plant in Toluca, Mexico, while Volkswagen said in December it was facing production slowdowns due to …

Global chip shortage threatens production of laptops, smartphones
4 years ago

Global chip shortage threatens production of laptops, smartphones

The Hindu  

Makers of cars and electronic devices from TVs to smartphones are sounding alarm bells about a global shortage of chips, which is causing manufacturing delays as consumer demand bounces back from the coronavirus crisis. “For the whole electronics industry, we've been experiencing a shortage of components,” said Donny Zhang, CEO of Shenzhen-based sourcing company Sand and Wave, who said he …

Chip shortage could slow automotive production in China
4 years ago

Chip shortage could slow automotive production in China

The Hindu  

A shortage of chips used in auto manufacturing could disrupt automotive production in China well into next year, industry officials said Friday, with chip companies saying they are raising prices and expanding their production in response. Volkswagen, the biggest foreign automaker in China, said on Friday that China's overall auto production could be interrupted after the COVID-19 pandemic disrupted chip …

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