A widespread chip shortage affecting automakers worldwide is expected to disrupt production at Hyundai Motor’s operations from April, the Financial Times reported on Wednesday, mentioning a person with direct knowledge of the situation.
A Hyundai spokesperson informed Reuters the automaker was aware of the auto industry’s increasing concerns over chip supplies, and that it was closely monitoring the situation to take necessary measures and optimize production in line with the supply conditions.
The automaker had been able to avoid a hit from the shortage so far mainly because it maintained a stockpile of chips, unlike its worldwide peers.
The shortage has forced production reduction worldwide, including at Volkswagen and General Motors, prompting countries such as Germany and the United States to increase efforts to resolve the situation.
