The original shortage of automotive chips appeared to be a warning of oversupply. According to Taiwan Economic Daily News, Morgan Stanley Securities pointed out in its latest report on Asia-Pacific automotive semiconductors that some automotive semiconductors such as MCU and CIS suppliers, including Renesas Semiconductor and ON Semiconductor, are currently cutting back on some of their fourth-quarter chip test orders, indicating that automotive chips are no longer in short supply.
Analysts pointed out that, compared with the global automotive semiconductor revenue trends and changes in automobile production, it can be found that in recent years, automotive semiconductor revenue compound annual growth rate (CAGR) of up to 20%, the automotive production is only 10%.
According to this trend, automotive semiconductor oversupply should have occurred at the end of 2020, or early 2021, but at that time of the global impact of the new crown epidemic, transportation is not smooth or even out of supply, resulting in an extreme shortage of automotive chips, and continued shortages.
According to the report, the impact of the transport side gradually eased, coupled with TSMC in the third quarter to significantly increase the production of automotive chips, as well as the impact of the market demand in mainland China, which accounts for up to fifty to sixty percent of global sales of electric vehicles, making automotive chips have now been fully produced, plagued the automotive industry for a long time the chip shortage problem officially ended. In particular, TSMC’s automotive semiconductor wafer output grew 82% year-over-year in the third quarter, 140% higher than before the epidemic.