Automotive suppliers face down another difficult year as industry macro conditions remain volatile and growing electric vehicle (EV) volumes add significant operational complexity, reports consultants Alvarez & Marsal (A&M).
Semiconductor Intelligence President, Bill Jewell, believes that it will take time to alleviate the shortage of automotive semiconductors, and the supply chain tension will continue until 2023.
ASE (Advanced Semiconductor Engineering) are among those have secured orders for automotive MCU back-end outsourcing for the next two quarters from international IDM (Integrated device manufacturer) companies, according to sources. Examples of IDMs are Intel, Samsung, and Texas Instruments.
Auto firms launching record number of new models amid continuing supply chain concerns. While the demand outlook is strong, the supply-side challenges continue on account of parts shortages