Global semiconductor shortage to ease slightly after Q3 : VW board member

In an interview to German industry magazine Automobilwoche, a board member from Volkswagen opined, the global shortage of semiconductors is likely to continue this year and ease slightly during the second half.

“The volatile situation will affect us at least beyond the first half of this year,” said Murat Aksel, the head of procurement at Volkswagen’s board.

Global carmakers have been severely hit by a shortage of semiconductors caused by the Coronavirus COVID-19 pandemic which has disrupted chip supply chains. Demand for semiconductors has shot up significantly following heightened demand for consumer electronics.

“There were clearly structural issues at play, with demand set to continue to rise in the car making industry”, said Aksel. “As such, instead of looking at claiming damages from suppliers behind on chip deliveries, the focus was on working closely with them to ensure better availability”.

He went on to add, it should become easier to make reliable predictions next year when more semiconductor production capacity comes online.

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