Toyota Motor CEO Koji Sato said the automaker does not face an immediate chip shortage following China’s export curbs on Dutch semiconductor firm Nexperia, though he acknowledged potential production risks if restrictions persist.
Speaking at the Japan Mobility Show in Tokyo, Sato said there’s some risk, but it’s not like we’re facing shortages tomorrow. Adding that Toyota is closely monitoring supply chains. He noted that while Nexperia’s curbs could affect future output, the company remains well positioned for now.
The comments come amid global industry concerns after the Dutch government seized control of Nexperia, citing national security risks tied to its Chinese parent, Wingtech. Beijing responded with export restrictions, heightening uncertainty for automakers dependent on legacy chips. Sato said Japanese manufacturers are working to standardise older semiconductors to avoid a repeat of the pandemic-era shortages.
This article was written by Eamonn Sheridan at investinglive.com.
