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: 12 THE ADMINISTATION IS CURRENTLY IDENTIFYING POTENTIAL CHOKEPOINTS IN THE SUPPLY CHAIN AND ACTIVELY WORKING ALONGSIDE KEY STAKEHOLDERS : 19 XXXXX> (WIPE OR EFFECT) <XXXXX RAVI VIG ZOOM NEWS RAW FRIDAY / SEMICONDUCTOR FOLDER 3:51 IT'S INCREDIBLE THAT THE U.S. GOVERNMENT HAS NOW DETERMINED THAT SEMICONDUCTORS ARE KEY ELEMENT TO THE SUCCESS OF THE U.S. ECONOMY 4:00 XXXXX> IN NEW HAMPSHIRE, IT MEANS ALLEGRO IS FULL STEAM AHEAD...THE PRESIDENT AND CEO SAYING - YES - THEY'RE HIRING <XXXXX RAVI VIG ZOOM NEWS RAW FRIDAY / SEMICONDUCTOR FOLDER 8:10 IF YOU ARE A TECHNOLOGIST LOOKING FOR A NEW COMPANY, A NEW ADVENTURE, ALLEGRO'S PROBABLY GOT A POSITION OPEN 8:19 XXXXX> AND AS THE DEMAND FOR ELECTRIC VEHICLES GROWS, SO DOES THE DEMAND FOR ALLEGRO'S COMPONENTS IN THE SHORT TERM - AUTOMAKERS SAY THE CHIP SHORTAGE COULD PREVENT ONE MILLION VEHICLES FROM BEING MADE - THE LOSS TO
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International microchip shortage affects various industries
A local company's product is now in more demand
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{copyShortcut} to copy Link copied! Updated: 10:30 PM EST Feb 12, 2021
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Jean Mackin
News Anchor/Reporter
A worldwide semiconductor shortage is affecting the auto industry and could hurt other industries that rely on electronics. 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.