Chip lead times hit carmakers for $110bn
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Semiconductor-starved companies are being forced to wait for a record 21 weeks, putting a brake on post-pandemic recovery particularly in the automotive industry which is expected to lose around $110bn in sales
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SEMICONDUCTOR WAIT TIMES (weeks) 
25
20
15
10 2018 2019 2020 2021

August 21 weeks

Pre-Covid January 2020 12 weeks
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AUTOMOTIVE PRODUCTION: $110bn lost mainly due to chip supplies

Rapid growth of EV market has boosted chip demand – each electric car contains over $800 of semiconductors

Steering
Brakes 
Battery management
Infotainment systems

Number of vehicles (millions)
2017  97.3

2018  95.6

2019 91.7

2020 77.6

2021 80.7  

2021 estimate: 84.6m
Lost production: 3.9m
 
 60 70 80 90

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Sources: OICA, Alix Partners, Bloomberg, SIG
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