Friday, April 22, 2022

Semiconductor chip shortage till 2023 or overproduction by 2025?

 Semiconductor chip shortage has been one of the critical issues in the tech, electronics, and automotive industries over the last two years. The unavailability of chipset and electronics components have materially impacted businesses in terms of revenue and customer experience.



The shortage of semiconductor chips started early in the pandemic wherein governments, across nations, enforced lockdowns. As a result, factories were shut down for months, resulting in production halting and businesses stopped ordering new chips and components that were part of the Just-in-time (JIT) supply chain.

The strategy has backfired as demand for consumer electronics and appliances such as laptops, mobile phones/smartphones, personal care devices, and home appliances have increased greatly across the globe. This demand is attributed to the change in consumer behaviour, remote work and education culture influenced by the pandemic.

Read Full Story

0 comments:

Post a Comment