![]() ![]() “Our chips may not become Hyundai’s major chips or substitute those chips already in use, but ours could be Hyundai’s solution in times of shortage or disruption to supply chains abroad,” a senior official at a fabless company said. The global chip shortage is expected to stretch to the second quarter of 2022, according to research firm Gartner.Īnalysts noted that foundries are don't like to expand production capacity for specific customers because it may take years to recoup spending on equipment and capital investment, and demand can change quickly. "Hyundai seems to believe that there would be enough or even strong demand for auto chips even after this recent chip shortage resolves," the person added. when it comes to expanding our production capacity, we need to make investment," said the person at one of the foundries in South Korea. A majority of Toyota and Honda dealerships reported last year not having a single EV available for sale on their lots. Visit us at: 5525 Peachtree Industrial Boulevard Chamblee, GA 30341. If youve gone car shopping over the last two years, you probably noticed how bare the lots at new and used car dealerships seem. We can get you in any of our new models for a test drive so that you feel the quality firsthand. ![]() "Hyundai presented its plans to produce in-house chips, but we haven't pinned down any specifics yet. Feel free to visit our dealership near Marietta and Decatur soon to get your process started the right way. The Fed doesn’t plan to stop there, revealing new projections. Hyundai has also reached out to contract chip makers, known as foundries, to discuss potential manufacturing plans, a person with knowledge of the matter told Reuters.Īnalysts said South Korean fabless firms such as Silicon Works (108320.KQ) and Telechips (054450.KQ), and foundry owners such as DB HiTek (000990.KS) could work with Hyundai in the long term, but noted that Hyundai may not have held talks with them. A Fed rate hike indirectly impacts long-term home loans, such as 30-year, fixed-rate mortgages. 2021 Honda Pilot (52) 2021 Nissan Rogue (52) 2021 Buick Enclave (51) 2021 Nissan Sentra (51). Edmunds gives you everything you need to get a great deal. Hyundai Mobis, the group's parts company, said in a statement to Reuters: "There are no on-going discussions with relevant companies, and while we think it is necessary to review chip development in the long term, there are currently no detailed directions or specific push concerning the issue." Get a great deal on one of 887 new Honda Odysseys for sale near you. The sources all spoke on the condition of anonymity because the discussions were private. ![]()
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