Motor industry impacted by microchip shortage

microchip shortageSince 2021, the microchip supply shortage has forced car manufacturers to reduce their production rate. As a result, 18 million fewer vehicles have been produced between 2021 and 2022.

The motor industry's turnover has thus recorded a drop estimated by Allianz at nearly 100 million USD.

According to the German insurer, the motor industry is partly to blame for this crisis generated by the lack of electronic chips. Indeed, in order to reduce their expenses during the Covid period, car manufacturers have drawn from their stocks by limiting their orders from semiconductor manufacturers. This led the latter to turn to other sectors of activity such as IT.

The war in Ukraine and the tensions between China and Taiwan have also exacerbated the crisis. Industrialists in general and car manufacturers in particular are dreading a military conflict between these two countries. In fact, 60% of the world's semiconductor production is concentrated in Taiwan.

To face this challenge, a global race is underway for the manufacture of microchips. On 11 July 2022, the French-Italian manufacturer STMicroelectronics and the American Global Foundries announced that they would invest nearly 5.7 billion USD to build a semiconductor factory in France. On the other side of the Atlantic, the U.S. Senate passed a bill on 27 July 2022 to spend 52 billion USD to revive semiconductor production in the United States.

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