Japan’s carmakers cut output as competing demand by gadgets amid Covid-19 lockdowns lead to global shortage of silicon chips

//Japan’s carmakers cut output as competing demand by gadgets amid Covid-19 lockdowns lead to global shortage of silicon chips

Japan’s carmakers cut output as competing demand by gadgets amid Covid-19 lockdowns lead to global shortage of silicon chips

Japan’s major carmakers have cut production at various factories due to the worsening global semiconductor shortage brought about as chip makers struggle to meet soaring demand from consumer-electronics companies.Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game consoles, smart TVs and laptops, which in turn has fuelled demand for the chips used in those devices. That means carmakers from Toyota Motor to Volkswagen are at risk of not getting enough…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-01-14T07:36:27+00:00 January 14th, 2021|Business|Comments Off on Japan’s carmakers cut output as competing demand by gadgets amid Covid-19 lockdowns lead to global shortage of silicon chips