Title: Recent Shortages in the Semiconductor Industry | Source Today
Headings: Recent Shortages in the Semiconductor Industry
Recent Shortages in the Semiconductor Industry
How the Automotive Chip Shortage Became a Global Semiconductor Crunch
Enacting Long-Term Solutions

Content: Bloomberg estimated the vehicle chip supply crunch would cost the sector $61 billion in lost revenue. However, industry insiders anticipate the impact on the global consumer electronics segment will be even worse. Recent indications from other market segments show how the shortage is spilling over into related verticals and causing a similar squeeze on production lines. In turn, professional buyers have become even more strategic in searching out new tools for quoting component pricing and availability. Apple recently revealed the shortage prevented it from assembling enough iPhones to meet demand. Samsung has warned that the part scarcity could curtail its ability to manufacture smartphones. Lenovo recently stated the production of its hugely popular personal computers had been affected by the crisis. And Sony indicated the supply bottleneck would prevent it from meeting demand for its recently launched PlayStation 5 video game consoles. How the Automotive Chip Shortage Became a Global Semiconductor Crunch
The automotive chip crunch began in late 2020 after the worldwide car market recovered faster than expected. The timing of the segment’s recovery proved problematic because new car sales plummeted in early 2020.