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Chip Supply Crunch Latest News

New passenger car registrations have now fallen for four straight months in the 27-nation European Union, according to the European Automobile Manufacturers' Association, known as ACEA.
European Car Sales Hit 31-Year Low For October
BMW and Toyota Motor Corp have been investors in GaN Systems for several years, and Witham said GaN recently signed its first "capacity agreement" with BMW to guarantee delivery of power chips worth over a quarter of a billion dollars.
Canada's Power Chip Maker GaN Systems Raises $150 Million, Pushes On Electric Car Market
Tata Motors reiterated that it expected the chip supply crunch in the second quarter to be greater than in the first, likely resulting in wholesale volumes at JLR to be about 50% lower than planned.
Tata Motors Sees Demand Recovering, Warns Of Short Term Impact Of Chip Shortage
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