(CNBC) Goldman Sachs strategist Andrew Tilton expects global shortage of semiconductors to subside in the second half of this year.
Goldman says the semiconductor disruption is at its worst now, with supply tightening and shipment delays in countries such as Japan, South Korea, and Taiwan.
Tilton says improvements in chip situation in the second half of the year should be judged alongside other disruptions that may arise.
Concerns are rising over Covid resurgence in Taiwan or the rise of droughts that could hamper chip production.
Analysts project the largest impact of chip shortages in auto in the second quarter, that could ease towards the second half of the year and beyond.
Semiconductor shortages are expected to reduce auto revenues by $110 billion this year.
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