IF you order a new top-of-the-line sedan in Europe or North America these days, you might find there is a long waiting time unless it’s a less popular model. The sudden car shortage has nothing to do with the spread of the South African or Brazilian strain of the coronavirus. The reason why automakers are not making enough cars and some plants of General Motors, Daimler, Ford, Toyota and Nissan are now idle is an acute shortage of semiconductors, which power functions from brakes to emission controls. “Electrification of vehicles is increasing the content of power chips 10-fold in every car,” notes Pierre Ferragu, an analyst at New Street Research in New York.
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China s push for homegrown chipmakers leads to multimillion-dollar investment swindle: Report ANI | Updated: Feb 13, 2021 22:59 IST
Beijing [China], February 13 (ANI): China has the ambition to create a national champion in the semiconductor industry, however, this desire has led to a series of reckless investments in poorly planned projects, many of which went bankrupt within a couple of years after swiping multimillion-dollar investments from government organs, according to a report in Nikkei Asia.
The local governments in China have been eager to support private enterprises that make chips even those with dubious credentials, the report said.
Chinese National Development Reform Commission (NDRC) has also admitted the problem and has stepped in to work with other government departments and put in place tighter supervision over semiconductor projects, as Beijing continues its push to boost domestic chip development and manufacturing.