Shortage

Foxconn chairman says expects ‘limited impact’ from chip shortage on clients

TAIPEI – The chairman of Apple Inc supplier Foxconn said on Saturday he expects his company and its clients will face only “limited impact” from a chip shortage that has rattled the global automotive and semiconductor industries.

“Since most of the customers we serve are large customers, they all have proper precautionary planning,” said Liu Young-way, chairman of the manufacturing conglomerate formally known as Hon Hai Precision Industry Co Ltd

“Therefore, the impact on these large customers is there, but limited,” he told reporters.

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Liu said he expected the company to do well in the first half of 2021, “especially as the pandemic is easing and demand is still being sustained.”

The global spread of COVID-19

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Volkswagen Points Finger at Suppliers Over Car Chip Shortage | Investing News

By Jan Schwartz and Christoph Steitz

FRANKFURT (Reuters) – Volkswagen said bad planning on the part of its suppliers has compounded a computer chip shortage blighting the global auto industry, claiming it gave ample notice that the coronavirus’ hit to car production would be limited.

VW was in December the first carmaker to warn of a chip supply crunch that has hit global automakers, forcing them to cut or halt production as the semiconductor industry struggles to keep up with a recovery in the car sector.

The German company told its suppliers in April last year – when much of global car production was idled due to the coronavirus pandemic – that it expected a strong recovery in the second half of 2020, a VW executive, who declined to be named, told Reuters.

Volkswagen, the world’s second-largest carmaker, says it was made aware of the chip shortage by one of

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Here are some of the car models most likely to be in shorter supply due to the global chip shortage

Car Dealership

New Chevys for sale fill the lot at Raymond Chevrolet in Antioch, Illinois, July 17, 2014. John Gress/Corbis/Getty Images
  • Car dealerships are already reflecting the slowdown in manufacturing due to the global chip shortage.

  • Shoppers may see higher prices and lower availability of certain car models.

  • Car companies began halting production in January and expect to lose billions this year.

  • Visit the Business section of Insider for more stories.

A global shortage of computer chips has caused shutdowns at several automotive manufacturing plants – and car dealerships are already reflecting the shortage.

Car shoppers can expect to see an impact in the availability of certain car models due to the chip shortage, as well as a price increase, according to Cars.com executive editor Joe Wiesenfelder. Dealerships may also be less likely to offer deals as supplies dwindle.

“Consumers in the market of considering buying a car should shop now

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A Year of Poor Planning Led to Carmakers’ Massive Chip Shortage

(Bloomberg) — Near-sighted planning, supply-chain complexities and a tradition of keeping inventories low caused the semiconductor shortage that is now forcing carmakers to idle production lines and straining their relationship with chip manufacturers.

Seeds of the imbroglio were sown almost a year ago as the virus outbreak led to plunging car demand, prompting auto-chip companies to slash orders. But when they wanted to increase supply toward the end of 2020, they struggled to secure capacity at Taiwan Semiconductor Manufacturing Co. and other contract chipmakers that were busy servicing a boom in demand for gadgets that help housebound consumers stay connected, according to people familiar with the situation.

While publicly assuring the problem is solvable, in private the parties are pointing fingers. Chipmakers say car companies’ preference for low inventories hurt their planning, while auto and part manufacturers say the supply chain is thrown into disarray as semiconductor makers drag their

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