“Without a doubt, this shortage is going to go well into 2022, at least the second half of '22,” Volkswagen Group of America CE Scott Keogh said at the Reuters Events Automotive Summit.
Keogh added that while the issue may ease in the fourth quarter of this year, the industry still cannot meet market demand for vehicles. “Historically, we've made decisions as if chips were nearly infinite, so each and every module required a chip, every window lift, every modulator,” he said. “There's ways that we start to look at it when we develop the cars, can we do more modules with fewer chips? It can be done.”
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