European Auto Industry Braces for Semiconductor Supply Disruption Following China’s Nexperia Export Restrictions
European automotive manufacturers are activating emergency response protocols as China moves to restrict exports from chipmaker Nexperia. Industry leaders warn of potential production halts reminiscent of the 2021 semiconductor crisis, with companies establishing task forces and daily supply chain assessments.
Automotive Industry Reacts to Semiconductor Supply Threat
European carmakers are reportedly deploying strategies similar to those used during the COVID-19 pandemic as they prepare for potential semiconductor shortages. This development comes after China moved to restrict outbound shipments from Nexperia, a crucial chipmaker for the automotive industry that operates under Chinese ownership.