Title: 
Headings: Shortage of Microchips and its Impact on the Auto Industry
Monday, February 15, 2021
Shortage of Microchips and its Impact on the Auto Industry
After unprecedented zero sales, plant shutdown; the global auto industry is now facing a microchip shortage, also spawned out by the COVID pandemic.
Taiwan attempts to be the savior
Microchip and its importance
Why there is a microchip shortage?
Microchip shortage case study: Japan auto industry
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Content: Ford has already shut down one of its US plants because of this microchip shortage. Toyota’s Chinese plant, Audi and Volkswagen’s factories in Germany, and Honda’s UK plant also have seen production shutdowns because of the microchip supply disruption. Fiat Chrysler is idling production at a Brampton, Ontario, plant; while Subaru announced to trim several thousand vehicles from its production schedule at plants in the U.S. and Japan due to the microchip shortages. Among others, General Motors, Renault too are feeling the impact. Several auto companies have already furloughed thousands of employees due to the crisis. It’s a great menace; the global auto industry is facing now in the New Year. Taiwan attempts to be the savior
Meanwhile, Taiwan’s Ministry of Economic Affairs said that since the end of 2020, it has received requests through diplomatic channels to help ease the shortage of microchips for the auto sector. The country has claimed that it already asked local tech companies to provide full assistance.