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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The chip shortage plaguing the auto industry since early 2020 probably will persist through 2023, a semiconductor industry analyst says. Strong demand for automotive chips should provide a tailwind to semiconductor stocks with high exposure to the industry, including NXP Semiconductors (NXPI) and ON Semiconductor (ON).www.investors.com/news/technology/chip-shortag…According to automotive data analysts at S&P Global, the chip shortage's effect on new car production had waned by the middle of 2023. While the supply of semiconductors was still restricted, this had become the new normal, and vehicle manufacturers were now able to predict their availability and plan production accordingly.ane.capitalone.com/cars/learn/finding-the-right-car/…Automotive manufacturers are still dealing with the effects of the microchip shortage that began in 2020. Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions, told reporters that he believes the industry will see 2-3 million units cut from production in 2023.www.automoblog.com/will-chip-shortage-end-in-20…Some chip shortages could remain through 2023 and into 2024, though supply of semiconductors and raw materials will generally improve in the auto sector. The auto sector can expect a strong year in 2023, with global car production up 3%. As semiconductor supply returns, global auto pricing should remain stable.www.jpmorgan.com/insights/global-research/suppl…For 2023, AutoForecast Solutions estimates more than 2.7 million vehicles will be cut from automakers’ productions schedules because of the global semiconductor shortage. 2022 finished with nearly 4.4 million production cuts related to the chip shortage. In 2021, more than 10.5 million vehicles were lost.www.autonews.com/manufacturing/latest-numbers …
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