Nov. 24, 2022 /SemiMedia/ -- According to reports, Morgan Stanley Securities pointed out in the latest report that suppliers of automotive semiconductors such as MCU and CIS, including Renesas Semiconductor and onsemi, are cutting some chip test orders in the fourth quarter.

Morgan Stanley pointed to TSMC's 82% year-on-year increase in automotive semiconductor wafer production in the third quarter and weak sales of electric vehicles in mainland China as the reasons for the order cut.

Morgan Stanley's report shows that the shortage of some automotive chips has eased.

As electric vehicles and driver assistance technologies continue to develop, semiconductors will become even more important to automakers. Automakers and semiconductor suppliers are working to prevent such severe shortages in the future.