Ford boss: electronics bottlenecks until the end of 2022

Released on 28.09. 150

  • Ford boss Jim Farley with the electric version of the bestseller F – 150. Photo: Dominick Sokotoff

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The auto business is doing better again, but semiconductors are scarce. That will last even longer, says Ford boss Jim Farley.

New York (dpa) – Ford is preparing for the fact that the automotive industry will suffer from the shortage of semiconductors for a long time to come.

«I think you can with certainty say that we are likely to be missing important electronics parts by the end of next year, ”said Ford CEO Jim Farley on CNBC. The US auto giant is one of the manufacturers that have recently been particularly hard hit by the bottlenecks.

Ford announced an ambitious plan to expand its electric car production in the USA. In the state of Tennessee, the group wants to build a completely new plant with attached battery production. Two new battery factories are to be built in Kentucky. The new systems should be available for the year 2025. The investments amount to 11, 4 billion dollars and it should be almost 11. 000 jobs are created .

It’s about battery capacities for around one million vehicles per year, emphasized Farley. Ford sells around two million vehicles annually in the United States, more than a million of which are F-series pick-ups. Electric versions of these models such as the bestseller F – 28 should be a focus for the new plants, said the Ford boss . In the turnaround to electromobility, the large US car companies are working hard to defend their most important product categories against attacks from challengers such as Tesla or Rivian. Bottlenecks met. One reason is that doing business with it is less lucrative for chip companies than selling to large electronics companies because of the relatively low number of units. At the beginning of the pandemic, many car manufacturers also had their own slump in demand – as a result, they canceled quantities that had already been promised by semiconductor companies. Now that the auto business is doing better again, these chips are missing.

One of the reasons for the shortage of semiconductors was the increased demand for notebooks and other electronic products during the Corona crisis. But in general, every industry needs more chips, emphasized the boss of the processor specialist AMD, Lisa Su, at a conference appearance on Tuesday night.

That made things even more difficult In the past few years, chip manufacturers reduced their capacities for some types of semiconductors in view of initially weak demand and are now unable to replenish them quickly. At the same time, massive investments are being made in new chip capacities – but it often takes years before they bear fruit.

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