Global chip shortage may soon turn into an oversupply crisis
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 foundriesThere'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.