Let's Talk Chip Shortage
September 15 2021,
Let's Talk About The Chip Shortage
Hyundai To Develop Their Own Semiconductor Chip
What are chips anyway?
This is no potato chip... semiconductor chips are found in most tech today, including laptops and mobile phones, gaming consoles, and even your vehicle! Semiconductor chips are created with materials including silicon, germanium, or other pure elements. Chips are used to power a variety of vehicle features, from power steering and backup cameras to emergency braking systems - which are all very important safety features to car buyers.
Why is there a chip shortage?
The chip shortage has been a result of three important factors; the pandemic slowing production in manufacturing, lack of manufacturing equipment, and the backlog of orders from customers and companies who use semiconductor chips in their products.
But what about Hyundai vehicles?
The good news is Hyundai's designing their own chip! This is great news for those on the hunt for a new vehicle.
“We are aiming to apply our internally developed power chip to a new car to be launched in the second quarter of next year,” an unnamed Hyundai Motor official told the newspaper, without naming the vehicle. The Seoul Economy Daily said the new vehicle model adopting the chip could be the Ioniq 6, Hyundai's dedicated electric car expected to be launched next year. Hyundai told the newspaper that the chip production date has not been decided". ¹
Newest sources are suggesting the semiconductor chip shortage could continue for quite some time due to the mismatch between supply and demand. At Canyon Meadows Hyundai we are proud to be offering a wide variety of Hyundai vehicles to choose from, despite the chip shortage.
¹ “Hyundai Motor Set to Use Internally Developed Chip for Upcoming Car -Media Report.” Reuters, Thomson Reuters, 3 Sept. 2021, www.reuters.com/business/autos-transportation/hyundai-motor-set-use-internally-developed-chip-upcoming-car-media-report-2021-09-03/.
