Related GM headline (at bottom of Ford article) links to article where analysts think chip shortages are expected into 3Q21!!! Ouch!
Working in the computer/IT industry for a company who still manufactures hardware, I've witnessed the huge consolidation of chip foundries across the world over the past 30 years, including the company I work exiting the chip manufacturing business in 2015. The race to keep up with Moore's Law (observation that the number of transistors in a dense integrated circuit doubles about every two years) is reaching the limits of lithography due to simple physics and has whittled that field chasing Moore's Law down to only three (3) companies leading the charge to 5nm process/technology: Intel, Samsung, & TSMC
While there are still lots of foundries making chip at >5nm process (where I assume these automotive chips are), these articles highlight the limits on global chip manufacturing capacity and the impact of globalization on US automotive manufacturers.
It had looked like Ford just about got production lines back up-to-speed (based on the steady flow of vehicles being replenished at my local dealership) after the supply chain and manufacturing pauses in 2020 due to COVID-19, only to now be sidelined again by what looks to be an industry-wide shortage on chips. I agree with Doug that this will be much longer than 2 weeks...
I was about to buy some Ford stock (as I thought they were poised for a strong post-COVID comeback) but looks like Ford and GM will both be taking hits in their 2021 revenues due to this chip shortage and lack of chip manufacturing capacity.