Automotive technology supplier Aptiv Plc is facing significant semiconductor supply constraints in the third quarter due to the fast-spreading Delta variant of the coronavirus in Southeast Asia, CFO Joseph Massaro said on Friday.
Given the COVID-19 outbreaks in Malaysia and Thailand, governments are taking a meaningful stance on production closures, Massaro said, speaking at the RBC Capital Markets industrials conference.
"We have had semiconductor suppliers industry wide who have been closed for a couple of weeks at a time. We had one that was closed for a couple of weeks, open for a period of time and then reclosed."
Automakers from General Motors to Japan's Toyota have slashed output and sales forecasts due to scarce chip supplies, made worse by a COVID-19 resurgence in key Asian semiconductor production hubs.
Massaro said the company had initially estimated the pandemic impact from Southeast Asia could cost the industry about 1.5 million uni…