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- The global automotive industry is facing a shortage of semiconductor chips, which are used in new vehicles for areas including infotainment systems, power steering, and brakes. Consulting firm AlixPartners estimates that this shortage will cut $60.6 billion in revenue from the industry in 20211. A more recent forecast suggests that the chip shortage will cost the industry $210 billion in revenue this year2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.How Covid led to a $60 billion global chip shortage for the auto industry
- Automakers are expected to lose billions of dollars in earnings this year due to a shortage of highly important semiconductor chips.
www.cnbc.com/2021/02/11/how-covid-led-to-a-60-b…Chip shortage expected to cost auto industry $210 billion in revenue in 2021
- The semiconductor chip shortage is now expected to cost the global automotive industry $210 billion in revenue in 2021, according to consulting firm AlixPartners.
www.cnbc.com/2021/09/23/chip-shortage-expecte… - People also ask
WEBMar 28, 2023 · A variety of analysts agree that the most problematic shortages will begin to ease in the third or fourth quarter of 2021, though it could take much of 2022 for the resulting chips to work their way …
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