Auto chip shortage may have domino effect in smartphone industry
Industry Leaders|March 2021
Auto industry leaders are experiencing disruptions, with estimated production shortfalls in single-digit percentage range in the first quarter of 2021.
Anna Domanska

More than a year after COVID-19 outbreak, the growing impact of the pandemic on the automotive industry remains unclear. As reports suggest, automakers are reducing output and selectively idling assembly lines until the ongoing chip shortage eases, which we expect to take several quarters. The situation is particularly acute for carmakers, which are experiencing an increase in electric vehicle demand, while semiconductor foundries limit their ability to take fewer orders from larger technology companies.

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