Title: The Microchips Are Down for Cars as the Shortage Continues
Headings: The Microchips Are Down for Cars as the Shortage Continues
The Microchips Are Down for Cars as the Shortage Continues
If it has electronics, it’s affected by the global chip shortage—and that means cars, too
Why is there a global microchip shortage, anyway?
It’s going to be here for a while
Toyota’s meticulous plan to survive the chip shortage was a decade in the making https://t.co/FukLPTAjl2

Content: Toyota, for example, inspired by what happened after the Fukushima disaster, asked its suppliers to stockpile several months’ worth of microchips, Autoblog reports. And Rolls-Royce just had its best Q1 in the company’s history, The Drive reports. Luckily, though, world governments and the semiconductor industry as a whole are stepping up to help with the shortage. Following a summit with President Biden, Intel announced that it would supply microchips for the automotive sector, AN and Roadshow report. And several Taiwanese suppliers have promised to give more priority to automakers, Autoblog reports. RELATED: Microchip Shortage Means You Might Have to Pay More for Your Next Brand-New Car
Still, even with this help, the microchip shortage won’t go away quickly. Sourcing the raw materials and building up the necessary production lines could take years, AN reports. And automakers will likely face reduced production capacity until at least the end of 2021. Follow more updates from MotorBiscuit on our Facebook page.