Tag Archives: Due to A Chip Shortage in May

Due to A Chip Shortage in May, Hyundai’s First-Quarter Profit Tripled

As people purchased Hyundai’s luxury cars, the company’s first-quarter profit nearly tripled to its highest level in four years, but it warned that due to a chip shortage, production will have to be adjusted again in May. Due to a healthy chip inventory, the South Korean automaker avoided production halts in the first quarter, unlike […]