Title: Microchip Shortage Increasing Vehicle Lead Times - Operations - Automotive Fleet
Headings: Microchip Shortage Increasing Vehicle Lead Times
Operations
Microchip Shortage Increasing Vehicle Lead Times
What Has Caused this Shortage?
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Content: While the auto industry buys a lot of semiconductors and electronics, it is small compared to what the consumer electronics industry purchases; the consumer electronics industry is a much bigger customer for these components than the auto industry. To put this in perspective, while there may be 100 million vehicles built per year worldwide, this compares to 1 billion smartphones manufactured each year. And smartphones are only one segment of the much larger consumer electronics industry. So, there is a lot of competition for a finite inventory of electronics and semiconductors that will continue until production can increase to meet demand. The prediction is that the shortage of electronics chips and semiconductors might persist for the entire first half of calendar-year 2021. Read more about Vehicle Production
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