Europe’s carmakers face ‘devastating’ chip crisis as Nexperia supply crunch continues

Europe's carmakers are facing a severe chip crisis due to a supply crunch from Nexperia, a Dutch chipmaker. Executives have warned that production lines could come to a halt within weeks as Nexperia is not sending products to its unit in China. This situation poses a significant threat to the automotive industry, which is already grappling with supply chain disruptions. The inability to secure essential components could lead to production delays and financial losses for manufacturers, highlighting the ongoing challenges in the global semiconductor market.