Depending on who you ask, the shortage of semiconductor chips could be over in a matter of weeks, or it could last for many years. However, Ford CEO Jim Farley believes the deficit will begin to ease in Q4, despite automotive production being severely affected by the global chip shortage to date. According to Daimler AG Chief Financial Officer Harald Wilhelm, the shortage will continue into 2022.
Ford Authority reported yesterday that the Biden administration, Farley, and General Motors CEO Mary Barra believe that chip supply is improving. A Mexican lobby group representing automotive companies believes that the crisis will begin to ease by the end of this month and should be resolved mainly through 2021. However, others, such as Pat Gelsinger (Intel CEO), believe that the shortage could continue for many years.
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