“The shortage of chips may reduce car production by about 2 million units throughout the year in China. Some products such as industrial sensors, basic industrial software, special raw materials, and precision instrumentation which rely heavily on imports will also be hurt further with "natural calamities and man-made misfortune. From May to September this year, China's automobile production and sales fell for five consecutive months. Based on this speculation, the shortage of chips may reduce production by about 2 million units throughout the year. A single chip can affect the production and sales of millions of cars a year, and such fragility is a concentrated reflection of the ecological fragility of China's manufacturing supply chain.”
15 Oct 2021
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