Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
As the carmakers worldwide are shutting down some of their manufacturing plants due to chip shortage, Kia insists that it is not affected by it at all. The South Korean automotive company stated that it is not concern about shortage because it has enough supply to build its line of vehicles.
Kia reiterated it has no issues with chip supply
To prove that it has not encountered any problems with the supply of the chips, Kia assured its customers that the company will continue producing units even while its competitors are struggling to procure the chips they needed to get back to the business and operate normally.
It can be recalled that a number of automakers worldwide are affected by the shortage and have stopped building vehicles since an important car part is not available. The chips shortage was caused by the excessive demand from the IT companies that make various devices.
In any case, another reason for the scarcity of the chips is the COVID-19 crisis that has affected most businesses. Chip-making companies have also struggled to continue their business due to the uncertainties brought about by the pandemic.
However, for Kia that stated it is not affected by the shortage, it is very confident that the company will not suffer from any work disruptions since it is able to secure the chips it requires for vehicle production.
"In a tight supply situation, what we can do is stock up with more chips in our inventories, try to find replacements or carry out a specification change to use other components,” The Korea Times quoted an official as saying. “By making these kinds of efforts, we are trying to ensure no disruptions at this moment."
Taiwan leads the chip production to supply the global demand
Meanwhile, for other carmakers that have yet to obtain the automotive chips that they need, Taiwan’s TSMC has been tapped to help solve the global shortage. This is one of the world's largest chip manufacturers, and countries have called out the company to help end the crisis and allow auto companies to open their plants again.
As per Reuters, Taiwanese chipmakers stated that they are willing to prioritize the supplies for carmakers. They are speeding up the production of chips, so companies will be able to get back to business soon.
