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Carmakers to suffer chip shortages until at least end of 2023

Auto industry and semiconductor manufacturers warn of supply crunch amid ‘unstoppable’ switch to electric vehicles

The global car industry will suffer semiconductor shortages next year as the switch to electric vehicles accelerates, leading auto groups and chip manufacturers have warned.

Hassane El-Khoury, chief executive of US-based chipmaker Onsemi, said it had already “sold out” of silicon carbide chips (SiC), advanced power semiconductors largely used in electric cars, at least to the end of 2023 because of strong demand.

“There’s nothing you can do now to change 2023,” the boss of one of the world’s leading auto chipmakers said. “We will be adding capacity every quarter, every month in 2023 to meet our customer demand.” 

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