Automotive Chip Shortage 2024 Fixed Assets. The growing chip shortage is prompting the automotive industry to order surplus semiconductors—about 10 to 20 percent more than needed—to ensure inventory and safeguard production. By the end of 2023, almost 18 million vehicles will have been removed from production plans since the chip shortage started, according to auto forecast solutions.

Chip shortages in some sectors will begin to ease later this year, including among automotive and industrial companies. This “bullwhip effect” has been.