Chip Crisis Continues Subdued Automobile Production

The US government is not happy with how dependent its country’s economy has become on foreign manufacturing. From the beginning of the Covid-19 pandemic, lockdowns had forced automakers to put a hold on chip orders. Unfortunately, by the time automakers realized that demand was picking up, chip plants had already allocated their capacity to other customers. Work from home stressed the importance of technologies that would allow people to do so. Orders from companies producing computers, tablets, webcams, etc. suddenly took precedence when designating chip supplies, forcing automakers into the backseat. An article published by CNet explores the chip crisis, answers who, how, and possibly when the shortage may end.

To read the article, Click Here.

Share:

Facebook
Twitter
LinkedIn
Email

Related Posts

Tariff Deadline of July 9 Looms

July 9th is the “self imposed” deadline for President Trump to make final decisions surrounding the IEEPA baseline and reciprocal tariff levels. In addition, the

June Oil Price Whiplash

Crude Oil prices fluctuated as much as $15/bbl throughout the month of June, highlighted by the conflict in Iran, headlines surrounding OPEC and the US’