Title: International microchip shortage affects various industries
Headings: International microchip shortage affects various industries
International microchip shortage affects various industries
A local company's product is now in more demand
Jean Mackin
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Content: Semiconductors, also known as microchips, are part of a car's engine, GPS and safety system. The pandemic slowed down auto sales, but increased demand for cars led to an international shortage. Allegro Microsystems is a Manchester-based company and the world's top manufacturer of magnetic sensors. Allegro ships over a billion units annually. CEO Ravi Vig said almost every car manufacturer worldwide uses the company for microchips. "You're probably driving in a vehicle that includes Allegro products," Vig said. Semiconductors are also needed for other electronics, like cellphones and TVs. The U.S. and its allies are searching for solutions, according to White House Press Secretary Jen Psaki. "The administration is currently identifying potential chokepoints in the supply chain and actively working alongside key stakeholders," Psaki said. Vig said it is "incredible" that the government understands the economic importance of semiconductors.