12 Apr 2022 -

IC shortages may last into 2024 – VW

The chip shortage is unlikely to completely resolved until 2024, VW CFO Arno Antlitz said in an interview with German newspaper, Boersen-Zeitung.

“The structural undersupply will likely only resolve itself in 2024,” Antlitz said.

Some bottlenecks will ease towards the end of this year, said Antlitz, but production won’t return to 2019 levels until 2023.

Consequently demand will exceed supply this year and next.

A lack of wire harnesses from Ukraine continues to cause some shifts to be cancelled, said Antlitz.

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

Related News

10 Jul 2024 - General

Counterfeit GPUs on the Rise: A Growing Concern for the Electronics Industry

Read more

09 Jul 2024 - General

DRAM Prices Skyrocket Amidst AI Boom and Production Shifts: A Deep Dive into the Memory Market

Read more

08 Jul 2024 - General

US Government Invests in Semiconductor Workforce to Combat Looming Talent Crisis, But Challenges Remain

Read more

07 Jul 2024 - General

Semiconductor Manufacturing Equipment Sales Expected to Explode

Read more

05 Jul 2024 - General

US attracting ‘insane’ money into building chip manufacturing

Read more

04 Jul 2024 - General

Vietnam: caught in the crossfire of US-China tech rivalry

Read more