21 Dec 2022 -
 EV

FT: Carmakers to suffer chip shortages until at least end of 2023

Toyota cars

According to the Financial Times, the global car industry will suffer semiconductor shortages next year as the switch to electric vehicles accelerates.

The FT reports a warning from leading auto groups and chip manufacturers.

“There’s nothing you can do now to change 2023,” the boss of one of the world’s leading auto chipmakers told The FT. “We will be adding capacity every quarter, every month in 2023 to meet our customer demand.” 

They report that Jochen Hanebeck, chief executive of auto chip producer Infineon, made a similar warning about supplies, “I do expect quite a longtime shortage,” he said.

Carmakers are also bracing themselves for problems. Carlos Tavares, chief executive of Stellantis, the world’s fourth-largest automaker by sales, has said chip constraints will continue to haunt the auto industry next year.

Read more here

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