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.
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