Global chip shortage may soon turn into an oversupply crisis
<i>Structurally, electrification, such as the mass production of electric vehicles, and digitalization need semiconductors, mostly of the high-end variety that can only be produced by the most advanced semiconductor foundries</i><p>There's nothing about electric car propulsion that requires "high end semiconductors". Auto companies have been pricing electric cars as a luxury product, and adding too much crap that has nothing to do with the powertrain to justify that to buyers.