microchip

Experts now predict that microchip supply issues will likely continue into 2024, which is no surprise here. When the microchip industry forecasted that microchip availability would be normalized by the end of 2022, we laughed. Impossible.

By now, the term ‘shortage’ probably initiates a subconscious eye roll or heavy sigh. The reality is, there are shortages left and right, and a lot of them have ties to the automotive industry. One material you may have never thought of being so vital is helium.

There is no denying it. things are bad. It’s estimated that all automakers have lost almost 6.5 billion vehicles as a result of the chip shortage. Photos of parking lots full of mostly built vehicles are circulating around the internet. They are ready to go, except for the chips.

The microchip shortage is causing issues that are rippling across the automotive industry. As soon as we think we’re out of the woods with Covid-related problems, this happens.

Just when production levels started leveling out from Covid-19 shutdowns, automakers are facing a new problem: a semiconductor chip shortage. Once, again, factories are closed or on  delayed production schedules, waiting for these components.