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CAR | Chip crisis highlights need for industry collaboration

cars

The semiconductor shortage impacting the automotive industry has left companies and countries scrambling for solutions.

Chipmakers are working to increase manufacturing capacity, but building new manufacturing plants requires multibillion-dollar investments and at least 18 months to launch. Automakers and parts suppliers are looking to balance just-in-time manufacturing systems withholding more inventory of chips and the crucial parts and components that use them.

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