Oliver Blume, CEO of the German carmaker Porsche, said on CNBC yesterday that “the problem with the shortage of semiconductors in the auto industry is very serious, as it affects the entire industry. There is strong demand for semiconductors from consumer electronics manufacturers, with car production starting to recover faster than previously expected. “
The growing shortage of semiconductors and microprocessors in the automotive industry became known at the beginning of the month. The shortage is due to a number of reasons, including the growing demand for microprocessors in the context of the proliferation of remote work and the increasing demand for computers and laptops. At the same time, in the second half of the year, the auto industry began to recover from the recession faster than expected. In addition, the chips used in cars – and more and more of them are needed with the development of modern technology – are often more complex and specialized than chips for smartphones and other similar gadgets. Research firm IHS Markit predicts the chip shortage will cut global production by more than 670,000 vehicles in the first quarter alone.
The CEO of Porsche confirmed the urgency of the problem and specified that it must be addressed immediately. “It can affect us any day, so we are trying to figure out what needs to be done in the coming days or months,” said the German top manager. “We need to mitigate the impact of this problem in the short term and find a solution in the longer term.”
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