Major automakers are reeling from a COVID-created global shortage of essential semiconductor chips that’s likely to last into 2023 and could have wide-ranging repercussions as manufacturers struggle to meet orders for big rigs used in nationwide shipping amid a surging online market.
Car manufacturers, in the U.S. and abroad, have suffered major production setbacks due to the chip shortage that developed amid lockdowns and restrictions enacted worldwide during the pandemic. But the auto industry is far from the only one that depends on the chips.
Receive Unlimited Access to ALL Newsmax Platinum Reports!
By becoming an exclusive Newsmax Platinum member, you receive:
- special investigative reports
- breaking political insider news, including VIP interviews from Washington
- in-depth interviews with A-list celebs driving the day's headlines
- thousands of articles you won't find anywhere else!
All just by becoming a Newsmax Platinum Member today!
Sign Up for Platinum AccessLogin