Connected Car
Supply issues have severely impacted the automotive industry, and many still wonder how long the semiconductor shortage will continue. The European Semiconductor Industry Association (ESIA) expects the worldwide semiconductor market to decline 4.1% in 2023 after growing 4.4% in 2022. ‘As the market remains volatile, we anticipate potential problems with semiconductor technologies specific to the automotive industry. ‘We want the EU Chips Act to establish Europe as an important player in the global semiconductors arena,’ said rapporteur on the Chips Act, Dan Nica. Europe has no choice but to revitalise its semiconductor industry and while there is no quick fix, viable solutions are on the way.