12 Dec 2022 -
 EV

Automotive supply chain: Chips may remain in short supply until 2024

Toyota cars

The shortage of automotive chips is unlikely to be completely resolved before 2024, reports DigitTimes, as the rapid growth in demand continues to outstrip supply.

According to automotive insiders, some automakers have begun tweaking 2023 vehicle designs so they can source chips with the same functionality from more than two suppliers. In this way, the impact of the shortage of automotive chips on production can be reduced.

Sources pointed out that if a foundry has been verified by automotive customers, it will take at least six months to convert its process capabilities to make automotive chips. For the process capability that has not yet been verified for automotive chip production, it will take 2 to 3 years to complete the verification. Therefore, it will take longer to solve the shortage of automotive chips from capacity expansion.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

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