SYDNEY (CU)_Since the beginning of the pandemic in March last year, most carmakers in Australia expected a long downturn in car sales and therefore cut their orders for computer chips, a vital component for hi-tech features in vehicles. However, sales rebounded much quicker than expected and carmakers have found themselves in a sticky situation since semiconductor makers have now diverted their supply to hi-tech electronic devices such as iPads and PlayStations which had a high demand during lockdown.
Therefore…
