What makes you say that?
Automakers, including General Motors , Ford Motor and Hyundai Motor , predict a near two-year chip constraint will ease in the second half of 2022, but automotive chipmakers, on the other hand, expect a recovery to take longer.
www.reuters.com
Quote:
Automakers, including General Motors
(GM.N), Ford Motor
(F.N) and Hyundai Motor
(005380.KS), predict a near two-year chip constraint will ease in the second half of 2022, but automotive chipmakers, on the other hand, expect a recovery to take longer.
During their quarterly results reporting over the past two weeks, GM CEO Mary Barra projected the semiconductor shortage would diminish in the second half, Ford forecast a significant improvement in the second half after a first-quarter low in vehicle sales, and Hyundai predicted chip supply would return to normal levels in the third quarter of this year.
Tesla
(TSLA.O), which managed chip supplies last year through strategies including writing new software to handle changes in chips, expects chip shortages to last through this year before easing next year.
Chief Executive Elon Musk told an earnings call last month the shortage was not a long-term issue, with factories increasing capacity and automakers guilty of panic buying of chips which slowed the supply chain.
He described that to investors in blunt terms. "I think there's some degree of the toilet paper problem as well, where, you know, there was a toilet paper shortage during COVID, and like, obviously, it wasn't really certainly a tremendous enhanced need for ass wiping. It's just people panicked..."