Chip shortage may continue to affect Daimler’s second quarter revenue: Report

Since the second half of 2020, the problem of chip shortage has become the main theme of the semiconductor industry. Today, this problem has had an impact on global automakers. The root cause is the competition between automakers and the consumer electronics industry for chip supply and many other factors.

On Wednesday, German automaker Daimler stated that it will cut the working hours of up to 18,500 employees and suspend production at two factories in Germany due to chip shortages that have impacted global car production.

The shortage of chips not only affects Daimler’s production but also affects the company’s performance. On Friday, at local time, Daimler warned that the global chip shortage may continue to affect the company’s revenue in the second quarter.

During the COVID-19 pandemic, more and more people work and study at home, leading to increased market demand for chips used in smartphones and computers. As chip manufacturers focus on meeting this demand, the supply of semiconductors to auto parts manufacturers has stalled.

It is reported that due to the shortage of automotive chips, Honda, Volkswagen, Ford, Fiat Chrysler, Subaru, and other automakers have also been forced to cut production, and some have even been forced to suspend production.

Earlier, foreign media said that the global chip shortage and related shutdowns are expected to result in a reduction of approximately 216,000 vehicles, which is equivalent to a reduction of US$2 billion in profits.

|VIA|