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Japan’s major automakers have cut production at various factories due to the worsening global semiconductor shortage. | BLOOMBERG
Bloomberg Jan 14, 2021
The country s major automakers have cut production at various factories due to the worsening global semiconductor shortage brought about as chipmakers struggle to meet soaring demand from consumer-electronics companies.
Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game consoles, smart TVs and laptops, which in turn has fueled demand for the chips used in those devices. That means carmakers from Toyota Motor Corp. to Volkswagen AG are at risk of not getting enough parts to fuel a fledgling recovery in their own industry.
(Jan 14): Japan’s major automakers have cut production at various factories due to the worsening global semiconductor shortage brought about as chipmakers struggle to meet soaring demand from consumer-electronics companies.
Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game consoles, smart TVs and laptops, which in turn has fueled demand for the chips used in those devices. That means carmakers from Toyota Motor Corp. to Volkswagen AG are at risk of not getting enough parts to fuel a fledgling recovery in their own industry.
That’s forced automakers all around the world to cut back on production.
Read more about Global chip shortage hampers Japanese automakers production and recovery on Business Standard. Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game consoles, smart TVs and laptops, which in turn has fueled demand for the chips
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