fact-checkedtrusted sourcewritten by researcher(s)proofread Car makers are mistaken if they think chip shortages are over—they need to reinvent themselves while there's timeCar parts suppliers such as Bosch and Continental reacted by scaling back their production—and naturally, their own suppliers, such as NXP and Infineon, also reduced their forecasts. TSMC was running all of its factories at maximum capacity to meet the surge in gadget demand, and there were no more chips available for carmakers. This approach is already common practice among newer, more self-sufficient carmakers such as Tesla and China's BYD and NIO, who all have extensive operations dedicated to designing or even producing their own chipsets