Diess said that the chip shortage might be halted if the Covid-19 transmission plunges. However, he believes that a general shortage of semiconductors might last even longer. “We will face a general shortage of semiconductors because the internet of things is growing so fast so there will be constraints which we will try to manage,” he added.
Electric Vehicules have made it worse
Herrmann of Ford Europe said that the chip shortage might continue until 2024. He added that expecting an end date is difficult due to several other factors. What made the problem worse for Ford are its electric cars. This is because the Ford Focus for example uses about 300 chips, while Ford’s electric car uses 3,000 chips.
Herrmann continued that Ford worried about the chip shortages alone, but the company is facing a “new crisis” in raw materials.
