Chinese startups join the race to address chip shortage amid funding boom

China

7 min read

Apr 26, 2021

By Wang Xiao'e

By Lu Shu ©CompassList

Would an overheated semiconductor startup scene and the ability to design cutting-edge chips be enough to help China achieve chip self-sufficiency?

In early March, William Li, the CEO and founder of EV maker NIO said chip shortages were affecting the company’s supply chain and the risk of further shortages was quite high. He said NIO’s monthly output in the second quarter would decline by 25% to 7,500 vehicles. The seriousness of the problem hit home when NIO suspended production at its Hefei plant for five working days from March 29.
The problem, which had been building for months, is not unique to NIO or to China. Leading global automakers, including Daimler, Honda, GM and Ford, had also temporarily halted or slashed production...

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