Microchip shortage threatens to cripple the auto industry0
- Autos & Vehicles
- May 8, 2023
The global automotive industry is facing an unprecedented crisis caused by a shortage of semiconductors, or microchips, which are essential components of modern cars. The shortage has disrupted production at major carmakers, leading to plant shutdowns, production cuts, and delayed deliveries. The crisis is expected to last well into 2022, with some experts predicting that
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