[Mexico City, 27th Reuters]–The head of the Mexican subsidiary of US semiconductor giant Intel said there are signs that the global semiconductor shortage, which is adversely affecting the Mexican automobile industry, will be eased by the end of the year.
“There is light at the end of the tunnel in the sense that by the end of the year (semiconductor supply) will be close to normal,” Santiago Cardona said in an interview late on the 26th. However, semiconductor industry groups have pointed out that they do not expect a full recovery by the end of the year.
Automakers, including General Motors, Ford Motor Co. and Toyota Motor Co., have been forced to cut production due to a shortage of semiconductors. As a result, the Mexican automobile industry saw a 12% decline in production and a 14% decline in exports in the first quarter.
Cardona plans to fund Intel’s plans to build two new plants in Arizona on its own, but “with (US government) support or subsidies, it could be done even faster.” Stated.
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