Title: Chip Shortage: How It's Impacting Cars, Smartphones, Gaming Consoles
Headings: A global chip shortage is wreaking havoc on everything from cars to game consoles. Here are the industries most affected by the ongoing scarcity.
A global chip shortage is wreaking havoc on everything from cars to game consoles. Here are the industries most affected by the ongoing scarcity.
The new iPhone 12 and iPhone 12 Pro.
The automotive industry has been the hardest hit by the chip shortages, leading some automakers to slash production.
Workers build Ford F-150 trucks at one of the automaker's assembly plants.
PC-makers are seeing worrying shortages of chips, as well as other crucial parts like LCD panels.
An employee works on Bitcoin mining computer.
Gaming console-makers are facing a crunch that may extend through next holiday season.
A gamer plays on the new Sony Playstation PS5 at his home in Seoul.
Companies like Apple and Huawei have started stockpiling chips to power their smartphones.
The pandemic has fueled demand for new home appliances like TVs, many of which have "smart" capabilities.
The aviation industry could soon feel the effects of the chip shortage, too.
Boeing 737 Max aircraft of Alaska Airlines, Southwest Airlines, and Gol Linhas Aéreas.
Sign up for the 10 Things in Tech newsletter for the latest trends & developments in tech.

Content: Consulting firm Alix Partners told Bloomberg that the car industry could lose $61 billion in 2021 as a result of the shortage. PC-makers are seeing worrying shortages of chips, as well as other crucial parts like LCD panels. An employee works on Bitcoin mining computer. Reuters
Even before the coronavirus outbreak began, chip companies were experiencing production issues. Then, the pandemic hit, aggravating the shortage — by spring 2020, chipmakers began warning of "a demand snapback." Insider's Benjamin Pimentel reported that semiconductor companies like Intel and AMD were hesitant to conduct layoffs for fear of missing out on the appetite for chips that would return after the initial wave of lockdowns lifted. That demand arrived as students started remote learning and their parents worked from home, leading to double-digit increases in demand for laptops. Now, PC manufacturers like HP and Dell have said that they're being impacted by a chip shortfall, as well as tight supply of components like display panels. The shortage extends to high-end gaming PCs: the hardware that powers them has become scarce and it's led after-market sellers to place massive premiums on products like GPUs .