Michigan | November 4, 2021
Global semiconductor chip shortage worsens
Michigan | November 4, 2021
A global semiconductor chip shortage has gotten even worse in the past few months, leading to delays for various products and a significant loss of sales for companies that need the chips for their business.
Semiconductors, which make up essential and expensive parts of modern-day gadgets and cars, have seen an explosion in demand in the past decade and particularly during the pandemic, causing a global shortage.
“The shortages are going to continue indefinitely,” Brandon Kulik, the head of Deloitte’s semiconductor industry practice, told Ars Technica. “Maybe that doesn’t mean 10 years, but certainly, we’re not talking about quarters. We’re talking about years.”
Car companies such as General Motors Co. and Ford halted production lines at multiple factories earlier this year due to the shortage. The shortage has now started to affect other valuable consumer goods, such as smartphones, home appliances, and even medical equipment, the Wall Street Journal reported …. (Excerpts from the Washington Examiner)