Japanese carmaker Nissan expects to lose around 500,000 production units in April-September 2021 due to supply issues caused by the global semiconductor shortage.
Recently, Makoto Uchida, Nissan’s chief executive officer, told the media that the difference in chips’ supply and car production is around 20pc, leading to major disruptions in the manufacturing chain, which will not be solved in a matter of weeks but will take several months.
The company also stated that the chip shortage was a “huge risk” to its profitability. Nissan does not expect to make a profit in 2021 due to this. Besides, Uchida added that the sudden surge in commodity prices of raw materials like steel and aluminum has been problematic for the carmaker.
Recently, TSMC, the world’s largest semiconductor manufacturer noted that it aims to meet the minimum contractual requirement for its automotive customers by the end of June.