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: Unfortunately, a new crisis has already emerged in 2021: the worldwide semiconductor shortage. The problem began in the auto industry, but the integrated circuit (IC) supply crunch quickly intensified, expanded and evolved into a global calamity because of the field’s interconnected nature. Consequently, the supply crunch disrupted the operation of multiple leading auto manufacturers and personal electronics conglomerates. This worldwide shortage has left many companies scrambling to secure chip orders and seek new avenues of component procurement in the midst of the shortage. Request for quotes (RFQs) are at an all-time high right now as professional buyers look to negotiate pricing and availability to meet production timelines. In response, chipmakers, foundries and government leaders alike are working aggressively to resolve the crisis and address its root causes to prevent related problems in the future. What You Need to Know About Shortages – LEARN MORE
Status of Worldwide Electronic Component Shortage
Late last year, Daimler, Fiat Chrysler, Nissan, General Motors, Honda, Toyota, Mazda, Subaru and Volkswagen cut production or temporarily closed factories because of the component shortage. Most recently, Ford made headlines for reducing assembly work on its best-selling F-150 pickup trucks at two of its plants. IHS Markit recently predicted automobile production would fall by 700,000 units annually this quarter.