The auto business losing 210 billion in business due to the chip shortage really brings home the massive leverage the chip shortage brings to the world economy. As intelligence in everything is increasing at an ever-accelerating rate the need for growth in all sectors of the chip market has never been more important. The only question now is how fast the industry can grow and especially TSM which has had a lock on the high end for years. Any thoughts, observations and comments appreciated
The global auto industry could lose $210 billion in revenue this year due to supply issues, double the forecast months ago, according to the consulting firm AlixPartners.