The shortage of chips has hampered the global economic recovery from the coronavirus pandemic and caused a serious time lag between orders and deliveries. Back in April, the waiting time for orders reached 17 weeks, the companies are struggling to ensure stable supplies, but so far they have not succeeded.
According to research company Susquehanna Financial Group, 17 weeks is an anti-record, while the company said that the crisis in the microcircuit market has moved into a “danger zone.”
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Amid this crisis, the government of Taiwan has pledged to work to provide the world with a stable supply of chips, despite the new wave of the COVID-19 pandemic. Notably, the government also revised its GDP forecasts for this year, increasing them by 4.64%. The increase in semiconductor production is expected to spur exports.
Currently, the global chip shortage is affecting various industries including automobiles, smartphones, home appliances, and so on. Automakers are expected to lose $110 billion this year alone. Many chipmakers are about to open new chip factories.
|Via|
