13 Apr 2021
The high demand for microchips spurred by the coronavirus pandemic is causing a kink in the supply chain in the United States, including automobile production plants being idled because of the shortage and causing predictions of a shortfall of as many as 1.3 million vehicles in 2021.
The Manufacturer website reported on the development:
The prediction falls in line with earlier predictions by other sources. Earlier this year, IHS Markit predicted the chip shortage would cut annual production by 1 million to 1.3 million vehicles; Alix Partners anticipated the shortage would result in between 1.5 to 5 million fewer vehicles produced.
The article noted that President Joe Biden held summits with microchip industry leaders and Biden has also asked Congress to appropriate $37 billion in legislation to increase domestic production.
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Intel In Discussions To Produce Chips For Automakers
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Multinational technology company Intel is reportedly in talks to produce semiconductor chips for automakers to help alleviate the ongoing global semiconductor chip shortage, which has affected production across the automotive industry, including General Motors.
Why the president can t quickly solve the computer chip shortage msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.