CHIP DIP
ajor German automakers are estimating it might take until 2024 for production to normalise as microprocessor shortages continue to bite. Production continues to be constrained around the world but European and US assembly lines are especially affected, leading to long wait times for new vehicles and other flow-on effects, like a continued inflating of some pockets of the used-car market. Late May, US President Joe Biden even toured the largest semiconductor plant in the world in South Korea with the country’s president Yoon Suk-yeol, underscoring the seriousness of
