The global chip shortage, which particularly affects the auto industry, could persist well into 2022.

That is what experts from the research and consultancy firm Gartner say to the German news agency

DPA

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Due to these shortages, car factories and production lines had to be temporarily shut down.

For memory chips, according to Gartner, it can take even longer.

Those shortages may not really be over until 2023 or 2024.

Major chip companies such as Intel, TSMC and Samsung Electronics have announced that they will invest tens of billions of dollars in new capacity and the construction of new factories.

Gartner goes on to say that the auto industry also has less buying power in semiconductors than, say, smartphone manufacturers.

Many more chips are used for the production of smartphones than in cars.

In addition, when developing new models, the automotive sector must plan years in advance which chips will be used.

As a result, that sector has fewer alternatives to turn to other types of semiconductors in the event of shortages, the experts say.

According to the researchers, the car industry is therefore dealing with a "perfect storm". During the corona crisis, orders for car chips were put on the back burner, while demand from the electronics sector rose sharply. Due to the pandemic, there was much more demand for equipment for working from home, such as laptops and notebooks, which led chip companies to adjust their production accordingly. With car sales picking up strongly again, chip manufacturers are struggling to meet the high demand from carmakers.