Automotive Chip Shortage Update

The number of semiconductors in a modern car from the ignition to the braking system can exceed a thousand As the global chip. on the Daily News You Can Use Ray and Zach discuss the latest new car chip shortage information Tune in to learn more. Watch the full video. CNBC's Brian Sullivan discusses the semiconductor shortage and how its impacting automakers with Phil Amsrud senior.

Car makers say soaring demand for chips means the auto industry could struggle to source enough of them throughout next year. Pieter Nota BMW board member discusses the strong demand and supply side challenges for the automaker from this year's IAA. 20 The global shortage of semiconductors will cut worldwide auto production by as many as 7. 1 million vehicles this year.

UPDATE there are still shortages of cars while inflation continues to rise and this will impact future technology As supply chain. The global semiconductor chip shortage will cost automakers 110 billion in lost revenues this year up from a prior estimate of. A global chip shortage caused by freak weather coronavirus and fire has affected new car production and consumer gadgets.