Technology

Chip dearth forecast to have limited impact on automakers' profit

Chip dearth forecast to have limited impact on automakers' profit

A global shortage of chips used in autos is expected to have a limited impact on third-quarter earnings of South Korea's top two carmakers Hyundai Motor Co. and Kia Corp., a market tracker said Thursday. The market consensus for Hyundai's operating profit amounts to 1.78 trillion won ($1.51 billion) for the July-September period, according to an analysis by Yonhap Infomax, the financial news arm of Yonhap.

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