BITVORE DATA ANALYTICS CASE STUDY
Electric Vehicles in Reverse Due to Chip Shortage
With the onset of the pandemic, carmakers like General Motors, Ford Motor and Volkswagen were forced to temporarily shut down production lines. Anticipating a market slowdown that would last some months, they canceled orders for chips used in vehicle electronics systems like driver assistance and navigation control.
Chip foundries like Taiwan Semiconductor Manufacturing Corp (TSMC) reassigned their spare production capacity for the remainder of that year to companies making smartphones, laptops and gaming devices, which were experiencing a surge in demand during the pandemic.
Could declining Bitvore sentiment in the Semiconductor market be a leading indicator for a similar decline in the Electronic Vehicle market? Download this case study to find out.