TXN - Auto chip shortage could continue until third quarter - IHS Markit

The global automotive chip shortage could impact 672,000 light vehicle production units in Q1, according to new IHS Markit data."Because the cause of these constraints is the result of increasing demand from OEMs and limited supply of semiconductors, it will not be resolved until both forces are aligned,” says Phil Amsrud, senior principal analyst-ADAS, Semiconductors and Components at IHS.The research firm says the impact of the shortage could stretch into Q3.Ford, Toyota, Fiat Chrysler, and Nissan have all cut production output due to the shortage, and Volkswagen expects the constraints to hit its production this month.Top automotive chipmakers include Texas Instruments ([[TXN]] -2.4%), NXP Semiconductors ([[NXPI]] -1.0%), ON Semiconductor ([[ON]] -0.2%), Infineon (IFNNY) and STMicroelectronics ([[STM]] -2.1%).Last month, Taiwan's Economics Ministry pledged that foundry giant TSMC would prioritize auto chips if the company is able to increase its capacity.

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Auto chip shortage could continue until third quarter - IHS Markit