📊Executive Summary

The article discusses how electric vehicle (EV) manufacturers are increasingly shifting towards in-house chip production due to ongoing semiconductor shortages. This trend is driven by the need for greater control over supply chains and to mitigate the impacts of component shortages that have plagued the automotive industry. Companies are investing in their own chip production capabilities to ensure a steady supply of critical components, which is essential for the production of EVs and advanced driver-assistance systems (ADAS). This shift could significantly alter procurement strategies as companies look to secure their supply chains and reduce reliance on external semiconductor suppliers....