Volkswagen says ‘We’re doing fine on chips now, but there are no long-term guarantees’
The post Volkswagen says ‘We’re doing fine on chips now, but there are no long-term guarantees’ appeared on BitcoinEthereumNews.com.
Volkswagen said it currently has enough semiconductors to keep production running, but it is not calling this stability anything close to secure. The company confirmed that the supply is stable “in the short-term” across its brands, including Audi and Porsche. But CEO Oliver Blume warned that the situation is fragile and could change without warning.He said the chip issue affecting the industry now is not about advanced chips but basic ones used everywhere, especially in cars. These are the chips that many people do not think about, but every car depends on several hundred of them to function. Blume said, “The current chip crisis shows how fragile our world is. Unlike the last semiconductor crisis, this one involves very simple chips that are used across industries and especially in cars.” He said Volkswagen is temporarily covered, but that the company needs a political solution, not just scrambling in supply chains. The source of the problem is outside the company’s direct control, and the stakes are tied to global politics. China export ban pressures manufacturers China blocked exports of finished semiconductor products from Nexperia, a chipmaker based in the Netherlands but owned by Wingtech, a Chinese firm. The Netherlands moved to take control of Nexperia, after the United States raised national security concerns about Wingtech. China responded by freezing the movement of Nexperia chips out of the country. This situation has forced European automakers, including Volkswagen, to think about what happens if the supply stops. This chip dispute adds to existing pressure on the European auto industry. There are already U.S. tariffs on imported cars and Chinese export controls on rare earth minerals, which are necessary for electric motors and batteries. Blume, who is also currently CEO of Porsche, said Porsche is already facing a “massive crisis” due to falling sales…
Filed under: News - @ October 27, 2025 1:17 am