Automotive Chip Shortage 2024 Fixer. The semiconductor industry, a cornerstone of modern technology, has experienced significant. The growing chip shortage is prompting the automotive industry to order surplus semiconductors—about 10 to 20 percent more than needed—to ensure inventory and.
Chips are used in everything from cellphones to computers, cars to sensors controlling critical infrastructure like dams and water systems. Some chip shortages could remain through 2023 and into 2024, though supply of semiconductors and raw materials will generally improve in the auto sector.