For many months now, the semiconductor shortage has been a hot topic. It must be said that many industries are affected by the shortage, especially manufacturers of game consoles, smartphones, and of course computers. The problem also affects the automotive market and we also know that most new vehicles are loaded with electronic chips.
A loss of turnover of 91 billion euros in 2021?
Our biggest challenge is supply chain, especially microcontroller chips. Never seen anything like it.
Fear of running out is causing every company to overorder – like the toilet paper shortage, but at epic scale.
That said, it’s obv not a long-term issue.
– Elon Musk (@elonmusk) June 2, 2021
In a message posted on his Twitter account, Tesla CEO Elon Musk spoke precisely on this subject. Like most other producers, the company is strongly affected by this shortage. The latter is in part due to a precautionary reflex on the part of the companies. He thus specifies:
I have never seen anything like it. The fear of running out leads all companies to over-order – it’s like the toilet paper shortage, but on a massive scale. Having said that, this is obviously not a long term problem.
Moreover, the boss of Tesla has real reasons to be worried. The shortfall for the automotive industry is likely to be enormous this year. According to a study by the consulting firm AlixPartners, the loss of turnover in the sector could reach 91 billion euros.
While the crisis is expected to last for several more years according to IBM CEO Jim Whitehurst, Europe and the United States are trying to tackle it. Thus, the European Union has set itself the objective of increasing the share of advanced semiconductors produced on the old continent to 20% by 2030. The idea of creating a gigantic foundry has been put forward for it. reach. The Commission has approached the major industrialists in the sector and would be ready to spend billions to advance this project.
Joe Biden has issued several executive orders aimed at strengthening the semiconductor supply chain over the long term. It is also trying to encourage the production of chips on American soil.