A recent winter storm in Texas and fire at a Renesas (OTCPK:RNECF,OTCPK:RNECY) chip fab have left Q2 automotive output "asexposed" to the global chip quarter as Q1, according toIHS Markit. Semi supplies might not stabilize until Q4.
The shortage could cost automakers 1.3M production vehicles during the second quarter.
Early last month, IHS Markit said the shortage could impact 672,000 light vehicle production units in Q1, and predicted that the chip shortage wouldstretch until Q3.
Foundry giant TSMC(TSM+1.9%) and semiconductor equipment makers Lam Research(LRCX+3.6%), Applied Materials(AMAT+4.4%), and KLA (KLAC+3.4%) are all trading up. Lam reports earnings after the bell today.
Auto chip supplier stocks in the green include Texas Instruments(TXN+1.2%), ON Semi(ON+2.7%), and STMicroelectronics(STM+2.2%).
Yesterday, Renesas said it would likely take up to three months to return to pre-fire production levels at the affected fab.
Samsung's foundry said its operations in Austin, which were paused last month during a weather-related power outage, have returned to nearly normal levels.
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