24 Aug 2021 -
 General

Global light vehicle production hit by chip shortage is expected to continue until 2022

According to the recent IHS Markit report, the semiconductor shortage in the automotive industry is expected to continue until the second quarter of 2022, and will result in a reduction in global vehicle production by 6.3 million to 7.1 million in 2021.

The report pointed out that in the first half of 2021, the main reason for the semiconductor shortage was wafer production capacity. As the Renesas fab resumed production after the fire, and other chip fabs closed due to the Texas winter storm began to resume operations, the situation began to improve. However, in the second half of the year, wafer capacity is no longer the only reason for chip shortages.

“Wafer fab capacity got all the attention early this year, and rightly so, but if you can’t put the die into a package so it can be put into an ECU, then you still can’t produce and sell a car,” said Phil Amsrud, senior principal analyst at IHS Markit.

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.

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

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

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