The 2020 semiconductor crisis has hit the automotive sector, as well as many other sectors. As a consequence of the COVID-19-induced shock, a worldwide semiconductor supply-demand imbalance arose between 2020 and 2022. Demand grew by around 17% annually while manufacturing capacity grew by only 6% annually (Figure 1). However, this supply-demand gap was not uniform across all semiconductor applications. For instance, during the early months of the COVID-19 pandemic (i.e., the first half of 2020), car demand plummeted by as much as 80% in Europe, 70% in China, and over 50% in the United States (U.S.).