Title: 
Headings: Shortage of Microchips and its Impact on the Auto Industry
Monday, February 15, 2021
Shortage of Microchips and its Impact on the Auto Industry
After unprecedented zero sales, plant shutdown; the global auto industry is now facing a microchip shortage, also spawned out by the COVID pandemic.
Taiwan attempts to be the savior
Microchip and its importance
Why there is a microchip shortage?
Microchip shortage case study: Japan auto industry
About the Author:

Content: A single semiconductor chip has as many transistors as all of the stones in the Great Pyramid in Giza, and today there are more than 100 billion integrated circuits in daily use around the world—that’s equal to the number of stars in our corner of the Milky Way galaxy. Microchips are truly a modern marvel, a feat of human ingenuity and engineering unmatched by any other industry. That pretty much sums up why the impact of semiconductor or microchip shortage is so humongous. Now, let’s get on to the next part. Why there is a microchip shortage? First and foremost, the COVID-19 pandemic that swept across the world like a raging bull had massive bearings on various sectors of human activity from every category of livelihood and production processes. And various factors, directly or indirectly related to the pandemic, have affected the production of microchips or semiconductors and by extension, the automobile and technology industry as well. The automakers across the world were ready for any sort of hit during the pandemic but they never expected the unprecedented threat due to the surge in demand for PlayStations. When various governments across the world announced total lockdowns all over, there was a meteoric rise in the demand for 5G phones, PlayStations, PCs, and laptops because the locked-in world population wanted to occupy them digitally, be it their classes, gaming interests, or any other knack, so on and so forth. Also, many businesses from across the world upgraded their interfaces massively so as to facilitate work from home, and hence the demand for microchips went uphill in that sector as well.