Global semiconductor shortages rattled the automotive industry last year

Electric VehiclesHigh Tech / High TouchShortagesHot Spots
Written By Jennifer Joslyn

🚗 Global semiconductor shortages rattled the automotive industry last year.

Semiconductors are used in a wide variety of electronic components in modern vehicles, including engine control units, infotainment systems, and safety features such as airbags and anti-lock brakes. Without these components, the production of vehicles is delayed, which leads to supply chain disruptions and ultimately impacts the availability of vehicles for consumers. While automakers are working to mitigate the impact of the shortage, it may take time for the industry to fully recover.

Read more from Resilinc ▶

Featured
TSMC Adjusts Expectations Amid Growing Challenges
TSMC Adjusts Expectations Amid Growing Challenges

On Friday, TSMC's shares in Taipei took a significant hit, dropping by 6.7% following their first-quarter earnings report.

Major Investment in Texas Samsung Chip Manufacturing by Biden Administration
Major Investment in Texas Samsung Chip Manufacturing by Biden Administration

The Biden administration has committed up to $6.4 billion to help Samsung Electronics set up a major computer chip manufacturing hub in Texas.

TSMC's Strategic Expansion into the U.S. Market
TSMC's Strategic Expansion into the U.S. Market

Taiwan Semiconductor Manufacturing Company (TSMC) is making a significant move by bringing its most advanced technology to America, aligning with U.S. President Joe Biden’s goals for a secure tech supply chain.

TSMC's Arizona Expansion Boosted by U.S. Government Funding
TSMC's Arizona Expansion Boosted by U.S. Government Funding

Taiwan Semiconductor Manufacturing Co. (TSMC), a global leader in semiconductor fabrication, is set to receive a significant boost in the U.S. with up to $6.6 billion in funding from the U.S. government.

Taiwan Earthquake Shakes Up Semiconductor Supply Chain
Taiwan Earthquake Shakes Up Semiconductor Supply Chain

A massive 7.2-magnitude earthquake rocked Taiwan's eastern coast last Wednesday, causing not only tragic loss of life but also significant ripples in the semiconductor industry.

Taiwan Earthquake Shakes Up Semiconductor Industry
Taiwan Earthquake Shakes Up Semiconductor Industry

Taiwan's biggest quake since 1999 could jolt the semiconductor supply chain across Asia.

TSMC Expands to Japan to Diversify Supply Chains Amid Trade Tensions
TSMC Expands to Japan to Diversify Supply Chains Amid Trade Tensions

Taiwan Semiconductor Manufacturing Company (TSMC) recently inaugurated its inaugural chip plant in Japan, a move aimed at diversifying its supply chains amidst escalating trade tensions between the U.S. and China.

TSMC Reports Q3 Profit Decline Amidst Weak Consumer Electronics Demand
TSMC Reports Q3 Profit Decline Amidst Weak Consumer Electronics Demand

Taiwan Semiconductor Manufacturing Company (TSMC) reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion), which marked a significant decline in profit due to weak demand for consumer electronics.

Strengthening Ties: US and Taiwan Forge Semiconductor Supply Chain Partnership
Strengthening Ties: US and Taiwan Forge Semiconductor Supply Chain Partnership

In a conversation with Lotta Danielsson, Vice President of the U.S.-Taiwan Business Council and editor of the report "U.S., Taiwan, and Semiconductors: A Critical Supply Chain Partnership," Taiwan's significant role in the semiconductor supply chain is discussed.

The U.S. Chip Industry to Face Shortage of 67,000 Workers by 2030, According to Study
The U.S. Chip Industry to Face Shortage of 67,000 Workers by 2030, According to Study

A study by the Semiconductor Industry Association (SIA) and Oxford Economics predicts that the U.S. semiconductor industry will face a shortage of around 67,000 workers by 2030.

The Geopolitical Climate on the Microchip Supply Chain is Turbulent
The Geopolitical Climate on the Microchip Supply Chain is Turbulent

The microchip industry plays a pivotal role in various key sectors of the global economy, from computing and telecommunications to military and healthcare.

U.S. and EU Collaborate to Reduce Asia's Dominance in the Global Semiconductor Market
U.S. and EU Collaborate to Reduce Asia's Dominance in the Global Semiconductor Market

The U.S. and EU are taking steps to lessen Asia's stronghold on the global semiconductor market. With the shift of semiconductor manufacturing operations to major Asian countries, the U.S. and Europe have faced challenges in maintaining competitiveness.

Intel Expands Global Presence with Chip Production Facilities in Eastern Europe
Intel Expands Global Presence with Chip Production Facilities in Eastern Europe

Intel is investing $4.6 billion in a new assembly and testing facility in Poland and expanding its investment in a semiconductor fabrication plant in Germany, totaling approximately $33 billion.

White House Unveils Strategy to Enhance Semiconductor Supply Chains
White House Unveils Strategy to Enhance Semiconductor Supply Chains

The Department of Commerce has announced a funding opportunity and application process for large semiconductor supply chain projects, providing a boost to semiconductor companies.

Just weeks after being banned from selling chips to China, Micron pledges a $600 million investment in the country
Just weeks after being banned from selling chips to China, Micron pledges a $600 million investment in the country

Micron Technology Inc. has announced a significant investment of $602 million in its chip-packaging plant in China, despite recent restrictions imposed by the Chinese government on the use of its semiconductors.

Global governments are seeking solutions to semiconductor shortages
Global governments are seeking solutions to semiconductor shortages

Various governments worldwide have introduced semiconductor strategies worth billions of dollars to address supply chain disruptions and secure chip supplies.

Semiconductor manufacturing is still hindered by US supply chain issues
Semiconductor manufacturing is still hindered by US supply chain issues

A recent report highlights the success of reshoring initiatives, leading companies to scramble to find manufacturing operations in the United States and Mexico.

US chip companies see China as a valuable market despite potential risks
US chip companies see China as a valuable market despite potential risks

The Semiconductor Industry Association, a major US industry group, wants clear rules from the Biden administration regarding investment restrictions for chip companies in China.

China Advises Japan Not to Participate in US Chip Restrictions
China Advises Japan Not to Participate in US Chip Restrictions
China’s global chip combination will weaken as South Korea pivots toward Japan & US
China’s global chip combination will weaken as South Korea pivots toward Japan & US

South Korea is aligning with the United States and Japan, which could lead to greater cooperation and coordination among these countries in the development and production of advanced semiconductor technologies.

U.S. - EU working on preliminary EV mineral agreement
U.S. - EU working on preliminary EV mineral agreement

In the race to fully transition to green energy, investments are rampant on both sides of the Atlantic Ocean to integrate electric vehicles and other sources of clean energy.

A purchasing consortium may be underway for critical electric battery resources in the US
A purchasing consortium may be underway for critical electric battery resources in the US

By pooling their purchasing power, companies can negotiate better prices for critical resources used in electric batteries.

Electric buses struggle to get through a rough Chicago winter
Electric buses struggle to get through a rough Chicago winter

The Chicago Transit Authority is adjusting the strategy of operating electric buses throughtout the city, especially during the year’s coldest months.

Chip manufacturing is the most vulnerable supply chain in the world
Chip manufacturing is the most vulnerable supply chain in the world

Economic historian Chris Miller, a professor at Tufts, is tackling the challenges associated with the semiconductor industry with their new book, "Chip War: The Fight for the World's Most Critical Technology”.

With federal money on the table, semiconductor industry is battling it out
With federal money on the table, semiconductor industry is battling it out

The US semiconductor industry is starting to stir as the $52 billion in subsidies from the CHIPS act sits on the table.

Global semiconductor shortages rattled the automotive industry last year
Global semiconductor shortages rattled the automotive industry last year

Semiconductors are used in a wide variety of electronic components in modern vehicles, including engine control units, infotainment systems, and safety features such as airbags and anti-lock brakes.

Potential semiconductor production catastrophe if China invades Taiwan
Potential semiconductor production catastrophe if China invades Taiwan

There has been a lot of chum in the water over China’s veiled threats to invade Taiwan - much to the United States’ dismay.

Rare earth mining is underway in California’s Mojave Desert
Rare earth mining is underway in California’s Mojave Desert

While China still controls nearly 60% of the world‘s rare earth mining operations, the United States is looking to close the gap over the next decade.

A world once fighting over oil… is now fighting over metals
A world once fighting over oil… is now fighting over metals

There is a global battle over precious metals such as lithium, cobalt, nickel, and copper because they are critical components used in the manufacturing of batteries for electric vehicles, renewable energy systems, and electronic devices.

The global race to find the next EV-mineral pot of gold
The global race to find the next EV-mineral pot of gold

Countries around the world are scrambling to mine critical rare earth minerals because they are essential components in the production of a wide range of clean energy technologies, including wind turbines, solar panels, and electric vehicles.

Jennifer Joslyn
Previous

Consumers are dealing with renewed inflation, and inventory gluts may be to blame
Next

Tesla Model 3 & Toyota EV models dominate the market