Three Chinese chip distributors fined for abnormal price increases as prolonged chip shortage raises costs for carmakers

China’s market watchdog fined three car chip distributors for driving up prices amid a global semiconductor shortage that has created a supply crunch for carmakers and pushed up costs.The State Administration of Market Regulation (SAMR) fined Shanghai Cheter, Shanghai Chengsheng Industrial, and Shenzhen Yuchang Technologies a total of 2.5 million yuan (US$387,870), the regulator said in a statement on its website on Friday.“SAMR will continue to pay close attention to the chip price index, step…

Source link