Reported 3 months ago
According to the deputy director of the Electronics Components and Materials Institute at a Chinese Ministry, China's self-sufficiency rate for automotive-grade chips is below 10%, indicating a structural shortage. It is recommended for companies producing these chips to focus on higher-end products as lower-end production is inadequate. With the increasing demand for chips in the automotive industry due to the growing new energy vehicle sector, innovation is crucial to address the challenges posed by the current self-sufficiency rate. The Ministry of Industry and Information Technology plans to enhance standards for smart connected vehicles, chip supplies, safety, and electronic components to meet industry demands.
Source: YAHOO