Hyundai Motor Co. has so far avoided a chip shortage that has plagued global automakers, largely maintaining its stockpile of chips last year and even accelerating purchases towards the end, three people with knowledge of the matter told Reuters.

The shortage has forced production cuts worldwide, including at Volkswagen Group and General Motors, prompting Germany and the U.S. to ramp up efforts to resolve the shortage.

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Hyundai Assembly Lines Still Running Because It Ignored The Just In Time Supply Chain And Bought Up Semiconductors

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