How Long Will the Chip Shortage Affect Honda Cars?

[Nicola]

NXP Semiconductors predicts that the supply of automotive chips will remain very tight throughout 2021 and warns that the chip shortage facing the automotive industry may extend into 2022. The ongoing chip shortage has led to an expansion of production halts among automakers in Europe, the U.S., and Japan, with major car manufacturers such as BMW, Daimler, and Honda announcing their latest shutdown plans. Companies expect the chip shortage issue to be difficult to resolve in the short term, putting pressure on production and performance. Additional Information: 1. Expert Opinion: Chip production capacity cannot be increased overnight. With stable global demand for consumer electronics, wafer production capacity for consumer electronics cannot be reallocated to automotive electronics, and new 8-inch production lines cannot be built quickly. Therefore, the automotive chip shortage is expected to persist for some time. 2. TSMC Chairman: "This crisis is far from over." In an interview with CBS, he predicted that the automotive chip shortage would continue into early 2022. Gartner, an IT research and advisory firm, forecasts that the global semiconductor supply shortage will persist throughout 2021 and return to normal levels by the second quarter of 2022.