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Semiconductor Relief For Automakers Might Come In As Little As A Few Weeks

The chief economist at investment fund ING Greater China, Iris Pang, predicts that automakers will have a new source for semiconductor chips that could help ease shortages in as little as a few weeks. Other industries may not be so lucky, though. Pang spoke at the Reuters Global Markets Forum this week, arguing that manufacturers, which are mostly based in Taiwan, have boosted production in their factories in mainland China to help provide the automotive industry with a desperately needed supply of semiconductor chips. “Taiwanese semiconductor companies are tailoring making chips for autos, so the chip shortage should be solved for autos in a few weeks, but other electronics’ chip shortage problem persists,” Pang said, specifying that the smartphone industry could be the next hit by chip shortages.

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