Similarly, General Motors CEO Mary Barra said in July it anticipates “impact from semis into next year” and is moving to three families of semiconductors from 2026 to be more flexible to future bouts of drying supplies.
Also last month, Volvo CEO Martin Lundstedt said it is still facing a “lot of uncertainty in the supply chain’s short type of commitments, depending on continuous struggle, when it comes to electronics and semiconductors.”the chip industry has passed peak shortages, although IDC doesn’t quite concur. Carmakers were hit hard by the supply shortfall because theyand after cancelling orders early in the pandemic found themselves at the back of the customer queue.
Elsewhere in Infineon’s results, sales in the Power & Sensors division climbed 10 percent to €1.02 billion , and edged up 2 percent in Connected Secure Systems to €456 million and 1 percent in Industry Power Control to €436 million .Jochen Hanebeck, CEO at the chipmaker, [PDF]: “Increases in energy costs, raw material prices and interest rates, the continuing pandemic and geopolitical uncertainties are all impeding economic growth. In some consumer-oriented end markets demand has recently weakened.Analysts might disagree how the chip industry is recovering but it’s clear that from the carmaker’s perspective, shortages persist. ®
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