On February 28, 2023, according to the Nikkei report, Honda said that due to the shortage of automotive semiconductors, the impact of the epidemic and logistics delays, it is expected that the production at its Yorii plant in Saitama Prefecture will be reduced by 10% compared to the plan in March.

The report pointed out that the above-mentioned factories had already reduced production by 10% in February. In addition, Honda's Suzuka plant also cut production by 10% in February and will resume production in early March.

In addition to Honda, Toyota also plans to suspend some production lines at its Honmachi plant in March. In addition, Suzuki Motor Corporation said a few days ago that due to supply problems such as semiconductors, it will suspend operations at the Kosai plant and Sagara plant in Shizuoka Prefecture, Japan.

Demand for chips in the auto industry has been boosted by the increasing number of semiconductors needed per vehicle as automakers ramp up production, Nikkei said. The supply of power semiconductors for current control and analog semiconductors for power management will remain tight in 2023.