Semiconductor Shortage Creates Ripples in Economy
A global shortage of semiconductors is forcing carmakers from Tokyo to Detroit to slash production, electronic devices to stall distribution and aluminium producers to warn of a potential downturn ahead, Bloomberg reported today.
Semiconductors, also known as integrated circuits or more commonly just chips, may be the tiniest yet most exacting product ever manufactured on a worldwide scale. That level of cost and difficulty has fostered a growing dependence on two Asian powerhouses — Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. Rising tensions between the world’s two biggest economies have exacerbated the reliance, with the U.S. government cutting off supplies to certain Chinese customers.
Now world leaders from Washington to Beijing are making chip supplies a top priority for their governments, to keep factories running and ensure national security. Hundreds of billions will be spent in a plethora of sectors in coming years on a global “chip race” with geopolitical as well as economic implications.
For the latest on semiconductor and other tech developments, Research and Markets provides the following reports:
We will help you find what you are looking for.