Title: World is facing biggest-ever chip shortage: Causes, what it means for auto and technology industry and you | Gadgets Now
Headings: World is facing biggest-ever chip shortage: Causes, what it means for auto and technology industry and you
World is facing biggest-ever chip shortage: Causes, what it means for auto and technology industry and you
What started the chip shortage: Factories shutting down due to Coronavirus
What is causing chip shortage: Huge rise in demand for PCs and laptops due to Coronavirus
What is causing chip shortage: Sony and Microsoft's new gaming consoles that require more sophisticated chips than ever.
What is causing chip shortage: US trade war with China
Why is auto industry hit so hard: Chip makers shifted resources to meet huge rise in demand from technology industry
Which are the auto companies hit hardest: Ford, General Motors, Volkswagen and Honda
What chip shortage means for car buyers
May delay gadget launches from Samsung, Apple and others
Buyers may have to pay more for gadgets
What is the solution

Content: It has made it difficult for schools to buy enough laptops for students forced to learn from home, delayed the release of popular products such as the iPhone 12 and created mad scrambles to find the latest video game consoles such as the PlayStation 5. But things have been getting even worse in recent weeks, particularly in the auto industry, where factories are shutting down because there aren't enough chips to finish building vehicles that are starting to look like computers on wheels. The problem was recently compounded by a grounded container ship that blocked the Suez Canal for nearly a week, choking off chips headed from Asia to Europe. Earlier this week, General Motors and Ford said that they would further cut production at their North American factories as the global shortage of semiconductors appears to be growing tighter. These snags are likely to frustrate consumers who can't find the vehicle they want and sometimes find themselves settling for lower-end models without as many fancy electronic features. And it threatens to leave a big dent in the auto industry, which by some estimates stands to lose $60 billion in sales during the first half of his year. ...Read More
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What started the chip shortage: Factories shutting down due to Coronavirus
Sort of. The pandemic prompted chip factories to start shutting down early last year, particularly overseas, where the majority of the processors are made. By the time they started to reopen, they had a backlog of orders to fill.