Perspectives: The Ongoing Global Semiconductor Chip Shortage
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From the LeftThe global chip shortage is going from bad to worse. Here's why you should care
In the market for a new car, smartphone or washing machine this year? A global shortage of computer chips could mean you have to wait a while and pay more.
A growing number of manufacturers around the world are having trouble securing supplies of semiconductors, delaying the production and delivery of goods and threatening to push up the prices paid by consumers.
Several factors are driving the crunch, which was initially concentrated in the auto industry. The first is the coronavirus pandemic, which plunged the global economy into recession...
From the CenterWhy you should care about the semiconductor chip crisis
Are you worried about your chip supply? Not potato chips. Not poker chips. And not wood chips. I am talking about the shortage of semiconductor chips, which you may not realize influence everything from your cell phone to your car, your game console to national security.
We are talking about a nearly $500 billion semiconductor industry manufacturing silicon wafers using complex processes that allow us to do everything from drive to play. Our internet-connected world is completely dependent on energy, the production of semiconductors and each other for sourcing....
From the RightGovernment Won’t Fix the Semiconductor Shortage
Jerry Sanders, a former chairman of the Semiconductor Industry Association and a founder of Advanced Micro Devices , predicted in the 1970s that “semiconductors would prove to be the crude oil of the information age.” It was an understatement.
Midprice automobiles today are controlled by 100 or more silicon chips. Cars couldn’t meet legal standards for mileage or pollution—or even start—without chips, let alone connect to the internet or display a fancy digital dashboard. A supply shortage on only one or two chips can shut down an assembly plant that...