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The ongoing chip shortage is expected to cost the auto industry $110 billion this year, almost double analysts' estimate from January

28 days ago   |   By Business Insider

Workers build Ford F-150 trucks at one of the automaker's assembly plants.
Associated Press
The semiconductor shortage is expected to cost the global automotive industry $110 billion in 2021.
Ford and GM have cut their earnings expectations by $2.5 billion and $2 billion, respectively.
"This is going to be longer and more difficult than most people think," one dealer told the WSJ.
See more stories on Insider's business page .
The semiconductor chip shortage is roiling the global supply chain , but no sector is feeling it worse than the auto industry. A new estimate from the consulting firm...
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The chip shortage that's wreaking havoc on supplies of cars, computers, and more could last another 2 years, experts say

29 days ago   |   By Business Insider

A researcher plants a semiconductor on an interface board during a research work to design and develop a semiconductor product at Tsinghua Unigroup research centre in Beijing
Reuters
Semiconductors are an increasingly important component of products from laptops to lightbulbs.
Surging demand and disrupted supply have led to a severe lack of chips for a variety of industries.
Industry leaders and analysts are forecasting at least another year of shortages.
See more stories on Insider's business page .
Semiconductor chips are in almost everything these days. As Glenn O'Donnell, a vice...
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