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China Lockdown Induced Chip Shortage Hits Auto Industry Hard
30 Views14 Apr 2022 18:21
The latest Covid surge and stringent lockdowns in China had aggravated the semiconductor shortage, hitting the global automotive sector hard when the demand remained robust. China, the leading producer of semiconductor chips globally, produced 359.4 billion Integrated Circuits (ICs) in 2021, up 33.3% year on year, but now struggles to keep the ball rolling in the wake of the supply-chain disruptions.
What is covered in the Full Insight:
- Introduction
- Impact on Semiconductor Production
- Effects on Global Auto Manufacturers
- Challenges in Logistics
- Outlook and Future Prospects
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