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The end of the lack of chips for cars. Supply and demand will balance this year

As JP Morgan reports, tensions in the automotive chip supply chain, which formed back in 2020, will soon ease significantly.

The company believes that the coronavirus pandemic was a catalyst for the shortage of car chips, but other factors also played an important role in it. In addition, the transition to factory automation and the shift towards electric vehicles have led to an increase in demand for microcircuits.

The supply chain will be significantly weakened in the second half of 2022, according to JP Morgan’s forecast. The fall in demand for consumer electronics has allowed factories to free up production capacity that is used in the automotive and industrial markets, but automotive product certification is still a major constraint on matching supply and demand.

It is expected that supply and demand for automotive chips will be balanced by the end of this year.

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