GLOBAL MICROCHIP SHORTAGE PROMPTS ONGOING CONCERN OVER MANUFACTURING CAPACITY IN US AUTO SECTOR
May 1st, 2021
GLOBAL ratings agency Fitch has warned that the current global shortage in semiconductor supplies is expected to continue – a major worry for automotive manufacturers and traders seeking to ramp up production as Covid-19 declines, especially as vehicles become ever more reliant on micro-chips.
Fitch’s prediction that chip markets will remain tight, “intensifying and likely extending the current cyclical upturn into next year”, (1) comes as the USA-based Semiconductor Industry Association (SIA) has said worldwide sales of semiconductors totaled USD123.1 ...
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