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[{1 1}]

Mexico's Automotive Components Association INA estimates that the severe shortage of semiconductor chips will ease in July and return to normal by the end of this year.


Reuters reported that semiconductor chips are an important part of modern automotive electronics, including touch screens, driver assistance and other safety systems.

According to data from IHS Markit, the shortage of chips in North America alone caused automakers in the region to cut the previously expected 1.16 million vehicle output in May, and the monthly output reduction has continued to expand since the beginning of the year.

Alberto Bustamante, INA's foreign trade director, predicted in an interview on Thursday local time that the semiconductor shortage will begin to ease in late July and return to normal in December.

It is reported that the automotive industry has cancelled orders for automotive chips since the outbreak of the epidemic last year, and foundry capacity has shifted to support consumer electronics. However, when the epidemic slowed down and the automotive industry began to increase production, the foundry had no capacity to support.

Bustamante pointed out that the steady increase in vaccination rates in major economies and the gradual decrease in the number of infections will help push the automotive industry back to normal.

Bustamante said: “Due to the epidemic, the value of Mexico’s component production dropped by 20% last year, and it is expected to increase by nearly 18% this year to reach an output value of 92.4 billion U.S. dollars. It is expected to fully return to the pre-epidemic level by 2022. By 2023 , The value of the country’s auto parts production may exceed 102 billion US dollars.”