Yanfeng has joined the list of suppliers evaluating the current shortage of semiconductors, which has affected automakers and electronics makers.
The issue stems from a resurgence in demand as the industry starts to recover from the COVID-19 pandemic, resulting in a global shortage of chips for automakers and electronics makers, causing delays.
Another factor driving shortages arises from global lockdowns instituted by governments in a bid to fight coronavirus, as vast numbers of people are both working from home on laptops or using gaming consoles.
“We continue to monitor the situation and are evaluating any potential impact,” a Yanfeng spokesperson in Europe told just-auto.
Some reports indicate the lack of chips could last for as long as six months, while others estimate volume losses of vehicles to be potentially around 200,000.
Valeo also recently told just-auto it was seeing “very strong tensions” on the semiconductor market and that for now, it had been able to protect its customers.
Many automotive manufacturers source their chip supplies from large semiconductor firms including Infineon, NXP Semiconductors, Nvidia, Renesas and Texas Instruments, but the current penury is causing several suppliers significant headaches.
“Due to various factors, the global procurement market is currently experiencing a general shortage of certain semiconductor components,” a Bosch spokesperson told just-auto on 13 January. “Bosch cannot divorce itself from this trend either.
“Despite the difficult market situation, Bosch is doing all it can to keep its customers supplied and to keep any further impact to a minimum. In this respect, we are in close daily contact with our suppliers and customers.”