What Chip Shortage? Hyundai Blazes a Hot Sales Streak | MotorBiscuit

The pandemic affected everyone worldwide, sometimes in surprising ways. One such case is causing a significant dilemma in the auto industry. Car manufacturers are scrambling to meet consumer demand as the production of vehicles is forced to slow. In some cases, it has come to a halt periodically. The culprit is a shortage of semiconductor chips. Yet somehow Hyundai seems unscathed as the automaker’s sales see a hot streak. 

How has the semiconductor chip shortage affected the auto industry?

Hyundai vehicles on a transporter truck in Richmond, California, on July 1, 2021 | David Paul Morris/Bloomberg via Getty Images

During the pandemic, there was a slowdown in overseas chip factories. Chips were invented in the United States, but today, more than 80 percent are manufactured in Japan, China, and other overseas countries, Time reports. Taiwan has the largest demand for the complex chips that modern technology requires. Unfortunately, semiconductor chip factories slowed their production due to COVID-19 capacity restrictions.

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