[Asia Economy Reporter Kwon Jae-hee] The global semiconductor supply shortage is expected to continue until next year.
On the 19th (local time), according to major foreign media, Scott Keogh, President of Volkswagen USA, said, "There is no doubt that the semiconductor shortage will continue at least until the second half of next year."
Keogh stated, "The semiconductor shortage may ease somewhat in the fourth quarter, but vehicle supply will still not meet demand," and predicted, "There may be efforts to reduce the semiconductors used in vehicles."
He commented on the Biden administration's policy to support semiconductor factory construction in the U.S., saying it would take billions of dollars and at least four years, and expressed uncertainty whether relying on government support is the solution to the semiconductor shortage.
He further forecasted that if the semiconductor shortage is the current problem, the next issue will be meeting the demand for electric vehicles and the batteries that power them.
He said that the batteries needed for electric vehicles at the Tennessee plant will be supplied from SK Innovation's Georgia plant, but additional announcements related to batteries will be made once new electric vehicle launches begin.
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