China’s car market staged a dazzling recovery in the second half of last year, but it has come at a heavy price.
The rebound has left companies including Volkswagen, General Motors and Honda facing a shortage in chips as a lockdown-driven boom in games consoles, laptops and televisions sends demand for semiconductors soaring and threatens to overwhelm chipmakers.
Fiat Chrysler was one of more than a dozen carmakers forced to idle plants this year as contract chipmakers in Taiwan and China were caught off guard by the multipronged surge in demand.
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