The U.S. auto industry is expected to lose $210 billion in revenue this year, according to the latest forecast by the global consulting firm AlixPartners, which projects a “multitude of extraordinary disruptions” in the industry. The industry is facing a loss of 7.7 million units of vehicle production, double the loss of a May forecast AlixPartners projected because of an ongoing semiconductor shortage worldwide. Any type of technology that is computerized depends on semiconductors to function. Prior to automobiles being computerized, their operations were mechanical. Modernizing automobiles to be computerized was designed to make them more efficient and less expensive. However, without semiconductors, computerized automobiles can’t operate and parts are hard to come by. Semiconductors control everything from airbag deployment, to emergency brake assistance, and computer management of engines related to fuel economy and performance. Without chips, production of automobiles can’t be completed, leading to a shortage of products, and …
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