Chip shortage – February 2023 update

S&P Global Mobility updated its analysis on the chip shortage with the latest actuals on chip production for the full year 2022 and with the latest data on wafer capacity and CAPEX. The semiconductor supply is more predictable than in 2021, but supply has still not normalized. Automotive is currently benefiting from slowdowns in other markets due to global economic concerns. However lead times continue to be higher than normal for various components. Upward pressure on semiconductor ASPs due to long-term supply agreements with foundries extending into 2023-2025. Demand for analog chips per car continues to grow faster than the capacity increase and the structural chip capacity deficit for cars will only be solved by the end of 2024 at the earliest.