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Semi Shortage May Let Up For Autos, But Broader Supply To Remain Limited Until 2022

• https://www.zerohedge.com by Tyler Durden

Supply for the auto sector could improve in coming months as China has picked up some of the production slack that Taiwan hasn't been able to meet, according to ING Greater China chief economist Iris Pang.

While Taiwan has run into the headwind of continued Covid-prevention measures disrupting imports and exports, some company have shifted production to China. 

Pang commented: "China gained 5% on the chip shortage in terms of GDP - Taiwan semiconductor companies have planned well and built large factories in mainland China."

"Taiwanese semiconductor companies are tailoring making chips for autos, so the chip shortage should be solved for autos in a few weeks, but other electronics' chip shortage problem persists," Pang continued. Pang said that even crypto miners were looking for ways to recycle "used" chips - a sign that there was still a meaningful shortage.