Hyundai May Have A Solution To Chip Shortage Nightmare

The automotive world has faced two catastrophic events in the last two years. Firstly the pandemic wreaked havoc with global lockdowns and subsequent plant shutdowns due to infections. And in the wake of that, a global semiconductor chip shortage resulted in massiveshutdowns of production所有的汽车制造商。已经找到了一些方法around it, like removing certain features in order to prioritize vehicles that require more of these chips, and more chip manufacturers have come into existence while existing ones havepledged higher volumes in 2022.

Hyundai, which hashandled the shortage better than most, now has a potential workaround and will leverage fellow South Korean company and tech giant Samsung to restore chip caches as soon as possible.

South Korean President Moon Jae-in has called for closer cooperation between Samsung Electronics and Hyundai Motor, the country's two biggest conglomerates. Monday, he said to the chiefs of the two companies that "it would be great if Samsung and Hyundai Motor had closer business ties in the automobile and semiconductor sectors."

Korea JoongAng Daily, reached out to both, with a Hyundai rep giving a typical "There's nothing we can say about the deal." Surely, if there were no deal to speak of, it could be denied outright, but the representative went on to say, "Even if there was, we can't tell given the mandate of keeping it confidential."