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- The global shortage of semiconductor chips has significantly impacted the automotive industry1. As a result:
- The automotive industry lost more than $200 billion in 20211.
- Eleven million fewer vehicles were produced1.
- Manufacturing plants were idled1.
- Plants in Asia outside China and auto plants in North America have cut production due to a lack of chips2.
- About 165,000 more vehicles were cut from production schedules this week due to microchip shortages3.
- The supply problems are likely to persist into 20244.
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 global shortage of semiconductor chips has upended the car industry. The response, from retrofitting to reshoring, could help guide other sectors. In 2021, hamstrung by the global microchip shortage, the automotive industry lost more than $200 billion. Eleven million fewer vehicles were produced; manufacturing plants idled.mitsloan.mit.edu/ideas-made-to-matter/how-auto-c…Plants in Asia outside China will drop 3,000 vehicles from production schedules this week, and auto plants in North America will cut about 2,800 autos because of a lack of chips, according to AutoForecast Solutions, which has tracked the shortage weekly since it emerged as a worldwide production crisis in early 2021.www.autonews.com/manufacturing/latest-numbers …About 165,000 more vehicles were cut out of automakers’ global production schedules for this week because of microchip shortages, according to the latest AutoForecast Solutions estimate. Most of the lost production is occurring in North America.www.autonews.com/manufacturing/latest-numbers …The global semiconductor shortage continues to squeeze the supply of microchips used to manufacture everything from cars to robotic vacuum cleaners, and Intel’s CEO Pat Gelsinger said at the World Economic Forum in Davos, Switzerland, this spring that supply problems would most likely persist into 2024.www.consumerreports.org/cars/buying-a-car/globa… - People also ask
The latest numbers on the automotive microchip shortage
WEBJan 8, 2023 · The latest numbers on the microchip shortage: 2.7M vehicle cuts forecast for 2023. For 2023, AutoForecast Solutions estimates more than 2.7 million vehicles will be …
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The latest numbers on the automotive microchip shortage
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