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: Recent Shortages in the Semiconductor Industry | Source Today
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Recent Shortages in the Semiconductor Industry
In 2020, the global electronics industry endured unprecedented disruption due to the coronavirus pandemic. Unfortunately, a new crisis has already emerged in 2021: the worldwide semiconductor shortage. Feb 12, 2021
In 2020, the global electronics industry endured unprecedented disruption due to the coronavirus pandemic. Ultimately, the sector proved resilient to the challenges presented by COVID-19 by helping the world embrace digitalization. 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.