The global chip shortage just keeps on keeping on

ShortagesHot SpotsElectric VehiclesHigh Tech / High Touch
Written By Jennifer Joslyn

💻 The global chip shortage just keeps on keeping on.

The global economy has been recovering from the impact of the COVID-19 pandemic, leading to an increase in demand for a wide range of consumer and industrial goods that require semiconductors, such as smartphones, laptops, automobiles, and factory automation equipment. This high demand has put pressure on the semiconductor supply chain, leading to shortages of certain types of chips. Factories were also closed or had reduced capacity due to quarantine measures and social distancing requirements, which led to supply chain disruptions and delays in the production of chips. Semiconductor manufacturers are currently operating at full capacity, and it is difficult and time-consuming to increase production to meet the current level of demand. Building new manufacturing facilities or upgrading existing ones can take several years and requires significant investments.

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Jennifer Joslyn
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