Supplier says auto chip crunch to last until 2023

The original article can be found here.

Article highlights:

  • The shortage of semiconductors that has forced global automakers to slow production is set to last until 2023, the head of a firm that produces the materials said Friday;
  • The coronavirus pandemic caused a boom in consumer demand for electronic devices, but it is the auto sector that has been hit worst by a lack of chips;
  • The shortage will easily last six to nine quarters.