Global chip shortage hits carmakers | Sunday Observer

Global chip shortage hits carmakers

17 January, 2021

London (CNN Business) - The world’s largest carmakers are facing a critical shortage of semiconductors that threatens to hamstring production just as the industry tries to stage a comeback from a sales slump caused by the pandemic.

Volkswagen (VLKAF), Ford (F), Fiat Chrysler (FCAU) and Nissan (NSANF) are among major automakers suffering from the global shortage of chips, which are used in a growing number of applications, including driver assistance systems and navigation control. The average car has between 50 to 150 chips.