China's state-run Global Times quoting a top official of the machinery industry federation reported that the country's car production would be down by 2 million units due to the shortage of chips.

Global Times while quoting the executive vice president of the federation reported that "software, special raw materials&nbsp;and precision instrumentation" including industrial sensors which rely on imports will also be hit due to "natural calamities and man-made misfortune."&nbsp;

<a href="https://www.wionews.com/world/after-christmas-food-chocolate-bar-bounty-falls-prey-to-supply-chain-crisis-418620">Also Read:&nbsp;After Christmas food, chocolate bar Bounty falls prey to supply chain crisis</a>

The Chinese newspaper informed that country's auto&nbsp;sales and production fell for "five consecutive months" between May to September.

The chip shortage could also impact other sectors including the manufacturing of mobiles, home appliances and computers, it informed.

<a href="https://www.wionews.com/world/vietnam-lockdown-hits-iphone-delivery-shoe-car-companies-also-suffer-416794">Also Read:&nbsp;Vietnam lockdown hits iPhone delivery; shoe &amp; car companies also suffer</a>

The US government had earlier blacklisted China's biggest chipmaker Semiconductor Manufacturing International Corp (SMIC) over security concerns. SMIC recently announced it will open a semiconductor plant in Shanghai after announcing plans to build smaller semiconductor factories in Beijing and Shenzhen.&nbsp;

Reports claimed Apple was unlikely to meet its production target due to the global electronic chip shortage.

<a href="https://www.wionews.com/world/transport-chiefs-warn-world-leaders-and-un-about-incoming-collapse-of-global-supply-chain-417077">Also Read:&nbsp;Transport chiefs warn world leaders and UN about incoming collapse of global supply chain</a>

Amid the global chip shortage, Taiwan's TSMC had said earlier it was working to address the global semiconductor shortage and was taking "unprecedented actions" even as US commerce secretary Gina Raimondo had said last month "it's time to get more aggressive".

Raimondo however added that there is "no quick and easy fix" while cautioning that the problem may spill into next year.

(With inputs from Agencies)

China's state-run Global Times quoting a top official of the machinery industry federation reported that the country's car production would be down by 2 million units due to the shortage of chips.

China's state-run Global Times quoting a top official of the machinery industry federation reported that the country's car production would be down by 2 million units due to the shortage of chips. Global Times while quoting the executive vice president of the federation reported that "software, special raw materials and precision instrumentation" including industrial sensors which rely on imports will also be hit due to "natural calamities and man-made misfortune." Also Read: After Christmas food, chocolate bar Bounty falls prey to supply chain crisis The Chinese newspaper informed that country's auto sales and production fell for "five consecutive months" between May to September. The chip shortage could also impact other sectors including the manufacturing of mobiles, home appliances and computers, it informed. Also Read: Vietnam lockdown hits iPhone delivery; shoe & car companies also suffer The US government had earlier blacklisted China's biggest chipmaker Semiconductor Manufacturing International Corp (SMIC) over security concerns. SMIC recently announced it will open a semiconductor plant in Shanghai after announcing plans to build smaller semiconductor factories in Beijing and Shenzhen. Reports claimed Apple was unlikely to meet its production target due to the global electronic chip shortage. Also Read: Transport chiefs warn world leaders and UN about incoming collapse of global supply chain Amid the global chip shortage, Taiwan's TSMC had said earlier it was working to address the global semiconductor shortage and was taking "unprecedented actions" even as US commerce secretary Gina Raimondo had said last month "it's time to get more aggressive". Raimondo however added that there is "no quick and easy fix" while cautioning that the problem may spill into next year. (With inputs from Agencies)

Car production in China set to decline by 2 million due to chip shortage: Report

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World Business Watch: Chip shortage could hit profit of United States' General Motors

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Car production in China set to decline by 2 million due to chip shortage: Report

World Business Watch: Chip shortage could hit profit of United States' General Motors