Three Chinese chip distributors fined for abnormal price increases as prolonged chip shortage raises costs for carmakers

//Three Chinese chip distributors fined for abnormal price increases as prolonged chip shortage raises costs for carmakers

Three Chinese chip distributors fined for abnormal price increases as prolonged chip shortage raises costs for carmakers

China’s market watchdog fined three car chip distributors for driving up prices amid a global semiconductor shortage that has created a supply crunch for carmakers and pushed up costs.The State Administration of Market Regulation (SAMR) fined Shanghai Cheter, Shanghai Chengsheng Industrial, and Shenzhen Yuchang Technologies a total of 2.5 million yuan (US$387,870), the regulator said in a statement on its website on Friday.“SAMR will continue to pay close attention to the chip price index, step…

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By | 2021-09-11T05:13:27+00:00 September 11th, 2021|Business|Comments Off on Three Chinese chip distributors fined for abnormal price increases as prolonged chip shortage raises costs for carmakers