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Tags: semiconductor | shortage | cars | wait time | price | consumers

Semiconductor Shortages Mean Longer Waits, Higher Prices for Consumers

(JENS SCHLUETER/AFP via Getty Images)

By    |   Wednesday, 08 September 2021 08:09 AM EDT

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.

Marisa Herman

Marisa Herman, a Newsmax senior reporter, focuses on major and investigative stories. A University of Florida graduate, she has more than a decade of experience as a reporter for newspapers, magazines, and websites.

© 2025 Newsmax. All rights reserved.


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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...
semiconductor, shortage, cars, wait time, price, consumers
1122
2021-09-08
Wednesday, 08 September 2021 08:09 AM
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