Microchip storage, effects on auto industry: what to know

Microchip storage, effects on auto industry: what to know

Hyundai Motor Manufacturing Alabama, located in Montgomery, will stop production this week until June 21. The plant hasn’t been able to get enough parts because of a global shortage in microchips, which has been wreaking havoc on various industries since last summer. Here’s what to know about the semiconductor chip shortage and how it’s affecting the auto … Read more

How microchip shortages stunted the automotive industry

How microchip shortages stunted the automotive industry

Jeff Gordon Chevrolet on College Road is receiving trucks daily with anywhere from 10-30 vehicles on them, according to spokesperson Mark Santilli. (Port City Daily/Shea Carver) NEW HANOVER COUNTY — “There are on average 1,400 microchips in a car,” Bobby Mills said, “and the build time takes around 12 weeks for each.” Last year, when the … Read more

Insurance Coverage May Help with Microchip Shortage Losses

Hunton Andrews Kurth Law Firm known for complex legal matters in business law and litigation

In 2020, Americans faced a shortage of toilet paper. This year, companies face a shortage of microchips. Microchips are a crucial component in a growing number of electronic products, everything from smartphones to cars and household appliances. As the shortage trickles down the supply chain, downstream businesses are now unable to obtain the microchips or other … Read more