Both Intel and Infineon have cautioned that the situation may persist throughout all of 2022, while Toyota is reported to be cutting vehicle production in September by 40%, from 900,000 units to 500,000 because of chip and labour shortages.
The global forecast for light vehicle production in 2021 now stands at 80.78 million units which represents an 8.3% increase over 2020 levels.
“Output lost to disruption to the semiconductor supply chain is estimated to have reached 1.44 million units in Q1 and 2.60 million units in Q2,” says IHS’ Mark Fulthorpe, “visible downtime in Q3 now stands at 1.60 million units underlining the assessment that Q3 will continue to see disruption, and this is becoming more significant.
