Chip shortage expected to cost the auto industry $210 billion in revenue
Chip shortage expected to cost the auto industry $210 billion in revenue
US commerce secretary has said it is time to get “aggressive” in addressing the worsening semiconductor chip shortage. According to consulting firm AlixPartners, the shortage is now expected to cost the global automotive industry $210 billion in revenue in 2021.
#Semiconductor #ChipShortage #Automotive
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It’s DELIBERATE, as part of the KOVIDIZATION of the world. It’s for the earth, because humans are bad.
India will supply chips
Car manufacturers and dealers must be secretly loving the sell out of product at full price and above sticker.
The materials (rare-earth) for semiconductors come from China
This is what they get for trying to buy chips that where made by kids.
Reject modernization embrace the ways of old school analog cars
Pakistan will supply chips 🇵🇰
Let’s make now a Comercial war with Russia, to see how things goes.
It’s time to get manual
Biden is more concerned to give 1billion dollar to Israel drone project than to solve our chip shortage problem.
Keyword: "REVENUE". While they make record breaking PROFITS.
This will also teach manufacturers to use domestic produced chips and invest in enough at one time for the production expectations.
Israel own the chips, Russia program the chips China produce the chips. It’s a ruse.
Not only in usa also in germany the prices for used cars went so high. I work in a car dealership
Afghanistan will supply chips. 🏴🏳
"The root cause of the issue though was that the car companies were too quick to cancel large orders of chips at the start of the pandemic for fear of looking bad to Wall Street by carrying too much inventory. When they did that, the companies who had been nursing along the old fabs to build those chips said “finally!” and decommissioned those fabs and started building new ones based on newer processes. In many cases they sent the equipment to the junk yard. we are talking in many cases 30 year old fab equipment that was well past its intended useful life anyway.
When it turned out that the pandemic _didn’t_ tank the car market, the car companies tried to place new panic orders and the chip makers were like “sorry, we can’t make that anymore”
It is not like there is a greatly increased demand, it is that the ability to manufacture the old chips was decimated."
The US Commerce Secretary does not understand what it takes to build the old chips the Legacy Manufacturers want. No Lithography System builders (the machines that actually are used to make chips) is willing to make the machines to make chip geometries larger than 16nm. Legacy Auto typically uses chips larger than 32nm. You cannot make ASML, the largest maker of these machines to go backwards. They are in the Netherlands. They would tell said Commerce Secretary, and in fact the US President to go jump. The US largely stopped making lithography machines a long time ago. These machines are some of the most complex machines ever made, and take at least a year each to build.
We can eat fries, while chips gets done.