How Long Will The Automotive Chip Shortage Last at Automotive

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How Long Will The Automotive Chip Shortage Last. How long is the chip shortage expected to last? Trade sanctions and phone rollouts added to global chip shortage.

More vehicle production cuts as chip shortage crisis
More vehicle production cuts as chip shortage crisis from newstubing.com

The chip shortage isn’t over yet, but on the other hand, it won’t be long before it’ll become just a thing of the past. Most of the solutions to the chip shortage, such as adding capacity to existing factories or redesigning electronic parts, require at least nine months to implement. How long will the chip shortage last?

More vehicle production cuts as chip shortage crisis

Manufacturers should redesign cars to use fewer chips. The most pessimistic forecasts indicate the chip shortage may not be over sooner than 2024 or even 2025, though recent research suggests the semiconductor inventory aimed at the automotive market. Autos also generally require older chips and capacity in this sector won’t come on stream until the end of 2022. When will the chip shortage end?