{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/automakers-set-to-take-100bn-chip-hit/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Automakers set to take $100bn chip hit","slug":"automakers-set-to-take-100bn-chip-hit","createdLocal":"2021-06-06 14:32:43.676656","publishDate":"None","feedName":"Connected Car","sourceUrl":{"sourceUrl":"https://menafn.com/1102216852/Automakers-set-to-take-100bn-chip-hit"},"postSummary":{"childMarkdownRemark":{"html":"<p>At the start of the pandemic, most automakers slashed orders of nearly all the components of their vehicles in anticipation of a major drop-off in demand for auto sales.\nNow, a shortage of a relatively inexpensive chip could hold off production of a $50,000 car.\nKPMG saw that companies and manufacturers that use semiconductors cut production and trimmed earnings forecasts, with automakers clearly hit the hardest.\nAutomakers are now looking at developing direct relationships with semiconductor makers, said Mark Wakefield, co-leader of AlixPartners'' global automotive practice.\nInstead of relying on tier-1 suppliers or on indirect supply-chain management, automakers should collaborate directly with semiconductor manufacturers.</p>"}}}},"pageContext":{"slug":"automakers-set-to-take-100bn-chip-hit"}}}