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Hyundai Motor sees chip supply normalizing from July

South Korean automaker's Q4 operating profit jumps 21.9% on SUV, Genesis sales

Hyundai Motor is forecasting improvement in the supply of chips for the auto industry later this year.   © AP

SEOUL -- South Korea's Hyundai Motor said Tuesday that supplies of semiconductors for automobiles will normalize from July on an expected recovery in chipmakers' production capacity in the third quarter of this year, as it announced a jump in fourth-quarter 2021 operating profit led by sales of SUVs and its Genesis luxury brand.

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