Japan’s Mazda is the latest automaker to get affected by the ongoing semiconductors shortage and plans to cut its global production by 34,000 units in February-March.
According to media reports, the chip shortage has already impacted the company’s domestic sales of CX-5 and Mazda 3 models. In the domestic market, it will reduce output by 4,000 in February and 6,000 in March.
Apart from Mazda, the shortage has affected Ford, General Motors, Honda, and many other big automakers. Research firm IHS Markit expects the global semiconductors shortfall to be around 672,000 units this year.
Reports suggest that while firms like the Taiwan Semiconductor Manufacturing Co and United Microelectronics Corp have been ramping up production at their facilities, it may take several months to fill the supply gap.