China’s top market watchdog said it is investigating auto chip dealers suspected of pushing prices up during a global chip shortage.
On Tuesday, the state government for market regulation said it would step up market scrutiny and crack down on illegal activities such as hoarding, price cuts and collusion. Regulators did not appoint a company under investigation.
Automakers have been hit harder by the ongoing chip shortage in recent months. The surge in demand for semiconductors after the end of the Covid-19 blockade in many regions was consistent with widespread chip manufacturing turmoil. Ford Motor, General Motors, Volkswagen, etc. Shut down some production lines as a result.
The Chinese car market was less damaged, but Chinese auto industry officials have recently blamed semiconductor shortages for lower sales. June, China Car sales It ended the 11-month growth streak with a 5.1% decrease compared to the previous year. Semiconductors are essential for powering various electronic systems in automobiles.
Global competition to secure chips in the automotive sector and beyond has led to higher prices and rapid business growth. Middleman A person who distributes electronic components.It also created an ideal environment for Scams and villainsAccording to various experts, such as trade associations, chip brokers, and counterfeit researchers.
China Aims for Auto Chip Dealers with Low Global Supply
Source link China Aims for Auto Chip Dealers with Low Global Supply