DUBLIN, July 26, 2021 /PRNewswire/ — The “The Global Semiconductor Chip Shortage Crisis and Its Effects on the Automotive Industry” report has been added to ResearchAndMarkets.com‘s offering.
This study takes a deep dive into the auto chip ecosystem and the best practices adopted by some OEMs to deal with the crisis; it also recommends risk mitigation strategies to handle future crises.
From an automotive and transportation standpoint, this study provides a global outlook of the ongoing crisis and analyzes its impact on OEMs, Tier I companies, and semiconductor manufacturers.
The rising trend of the electrification of vehicles has increased automakers’ dependency on semiconductor chips, making them a critical component in new-gen cars. Toward the end of 2020, the global shortage of semiconductor chips forced many OEMs to temporarily suspend vehicle production or reduce the working shifts in their factories.
Leading OEMs such as Honda, Toyota, Ford, GM, and