https://safirsoft.com The effects of chip shortages could be felt by the auto industry by 2023

While most tech experts believe chip shortages will decrease in the second half of next year, auto analysts worry that their industry won't see a recovery phase until the first half of 2023.

The global shortage of semiconductors has been felt by many, from those whose jobs are directly affected, so consumers are faced with the question of when they can get a graphics card. Segment buying has been one of the hardest-hit segments of the auto industry, with consultancy AlixPartners estimating it will lose $210 billion in 2021 alone — double expectations in May.

According to new IHS Markit forecasts (via Auto News), inventory shortages and price hikes are likely to hit automakers by the first half of 2023, at which point they will enter a recovery phase. Part of the problem is that automakers reduce production, reduce chip orders at the start of the pandemic, and fail to meet orders a few months later when sales resumed.

The good news is that IHS expects chip supply to stabilize in the second half of 2022. This period coincides with the tenure of Lisa Soo, Acer, and Xbox president and analyst Phil Spencer. "Unfortunately, this means we have several months ahead of this unprecedented crisis," IDC said.

CNET writes that many people looking to buy a new car are giving up due to the challenges of chip shortages. , including low inventory and high costs - something that those looking to buy a new graphics card can relate to. This has also frustrated brand loyalists who are looking elsewhere for new cars. IHS predicts that automakers' production capacity will shrink 6.2 percent this year, meaning 5 million fewer cars are being produced. chip.

The effects of chip shortages could be felt by the auto industry by 2023
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