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Finally, Trump nearly destroyed the automotive industry around the world



Automakers around the world are now facing big challenges. Many car manufacturers are closing assembly lines due to a global semiconductor shortage caused by the Donald Trump administration and sanctions against several Chinese chip makers.

The deficit is forecast to remain unchanged in the next few months. Giants such as Ford Motor Co, Subaru Corp and Toyota Motor Corp. have cut production in the United States. In Europe and Asia, companies such as Volkswagen, Nissan Motor Co Ltd and Fiat Chrysler Automobiles are experiencing similar problems.

Automakers compete with the electronics industry for chip makers’ processors. With the shift to telecommuting and learning, there is a surge in sales of laptops, game consoles and other electronic products. The main problem, however, is that the United States interferes with the conduct of business between American and Chinese companies.

The major automaker reportedly moved chip production from China’s SMIC, which was banned by the US in December, to Taiwan Semiconductor Manufacturing Co in Taiwan. The latter, in turn, could not meet the demand due to the excessive number of orders. TSMC’s chief executive on Thursday said the company is taking steps to mitigate the impact of the deficit on its customers.

It is also known that the Ford plant in Kentucky was idle due to a lack of chips for the braking system of cars. Sources claim that such stories regularly happen not only in the United States, but also in many other countries of the world.

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