Chip shortages could remain through H1 By LI FUSHENG | China Daily | Updated: 2021-02-01 09:29 Share CLOSE German auto group Volkswagen cut its production in China in 2020 by around 15,000 vehicles, due to an industry-wide chip shortage. [Photo by ZHANG DANDAN/CHINA DAILY]
IHS Markit forecasts production of half million vehicles could be put on hold
Chip shortages in the auto industry may remain in the first half of the year, with semiconductor makers having few immediate solutions other than raising prices, according to experts.
Netherlands-based chipmaker NXP and Japan s Renesas Electronics said they were seeking to increase prices in the wake of the shortage and as raw material costs climbed.
Chip shortages in the auto industry may remain in the first half of the year, with semiconductor makers having few immediate solutions other than raising prices, according to experts.
Netherlands-based chipmaker NXP and Japan s Renesas Electronics said they were seeking to increase prices in the wake of the shortage and as raw material costs climbed.
Swiss rival STMicroelectronics is also considering a similar move, the Financial Times quoted a person familiar with the matter as saying.
Taiwan Semiconductor Manufacturing, the world s largest contract chipmaker, said it will prioritise the production of auto chips if it is able to further increase capacity, but added that its current production capacity is full.