Title: Materials shortage latest setback for global components industry | Sourcengine
Headings: Raw Material Shortage Marks Latest Setback for Components Industry
Raw Material Shortage Marks Latest Setback for Components Industry
Not Enough ABF and Glass Substrate to Go Around
Heavy Auto Sector Demand Prompts Shortages for PCB Materials
COVID-19 Worsens Existing 8-Inch Wafer Shortage
Leading Carmakers Suspend Production Due to Chip Shortages
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Content: For 2021, OEMs should anticipate the wafer crunch to raise analog IC prices by 20 percent. Leading Carmakers Suspend Production Due to Chip Shortages
Heavy demand for electric vehicles (EVs) resulted in constrained availability for some consumer electronic parts. In addition, intense interest in smartphones, video game consoles, and smart TVs created an automotive chip deficit. Now, leading carmakers have been forced to suspend production at their plants. Bloomberg reported that Toyota Motor Group, the world’s second-largest vehicle manufacturer, partially suspended production at its Guangzhou, China factory. The corporation believes its stock out related pause will decrease the facility’s output by 30 percent this month. Honda Motor Co. ordered a production slowdown at five of its U.S.-based plants and one U.K. factory because of the part shortage. Volkswagen has furloughed over 10,000 workers because of the supply crunch, but it expects annual output to remain unaffected. Fiat Chrysler Automobiles has temporarily shuttered a Canadian plant and delayed a production restart at another facility in Mexico due to the shortfall. Ford Motor Company directed its Kentucky SUV manufacturing facility to suspend operations to help stretch its dwindling semiconductor inventory.