Скачать или смотреть Why Is There A Global Chip Shortage?

The pandemic has hit everything hard, but things are finally beginning to look up as slowly and steadily the market is starting to get back up on its feet. Manufacturing is finally starting to make a comeback, but at the same time, a problem has arisen, the supplies of chips that are used to operate most electronic devices are in short supply. This shortage was felt the strongest in the automobile industry as entire shipments have been put on hold as the necessary parts are still missing. According to analysts, normalcy might not resume for as long as two years.

It is difficult to imagine how a tiny coin-sized piece of equipment could have caused such a huge issue, but the situation is in front of us. Tiny semiconductor chips have brought the auto industry to a screeching halt. So, you must be asking what these chips are and why are they so important? The chips are basically tiny transistors that are made from silicon. Without them, electronic devices like computers, smartphones, appliances, and other electrical devices, such as those in vehicles, will stop functioning. Silicon feeds a $500 billion chip industry, and according to a report by the BBC, the chips are part of a global tech economy worth an estimated $3 trillion. The raw material for these chips comes from countries like Mexico and Japan, and the manufacturing usually takes place in China, Taiwan, and even in the U.S.