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CAR | Chip crisis highlights need for industry collaboration

Michigan Business Network
May 10, 2021 4:00 PM


The semiconductor shortage impacting the automotive industry has left companies and countries scrambling for solutions.

Chipmakers are working to increase manufacturing capacity, but building new manufacturing plants requires multibillion-dollar investments and at least 18 months to launch. Automakers and parts suppliers are looking to balance just-in-time manufacturing systems withholding more inventory of chips and the crucial parts and components that use them.

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