When will the microchip crisis end?

When will the microchip crisis end?


Volkswagen CEO Herbert Diess said during a speech at an economic conference in Berlin that the microelectronic component crisis caused by the coronavirus pandemic will end soon. The head of the brand expressed hope that “the worst times are behind us.” Despite this, it will not be easy to increase the production of the model range next year.

Herbert Diess believes that the semiconductor shortage has reached its peak and will now gradually decline. According to the head of the brand, the automaker continues to cope with an acute shortage of microchips, which occurred amid restrictions imposed by the coronavirus pandemic. Despite the fact that the worst is over, the top manager said that next year the concern will not be able to build all the cars it hoped for.

In October 2021, deliveries of the Volkswagen lineup fell by 33.5 percent compared to the same period last year. At the same time, the CEO of the concern denied claims that the shortage of semiconductors took the auto industry by surprise. According to Herbert Diess, even before the start of the coronavirus pandemic, he talked about possible interruptions in the supply of components caused by the increased demand for electronic components.

In mid-October, it was reported that the shortage of microelectronics affected the losses of some automakers more than the coronavirus pandemic. According to preliminary data, due to a lack of semiconductors, Stellantis will produce 1.4 million vehicles less than planned.

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