The global semiconductor shortage is a critical economic issue profoundly impacting various industries, from automotive to consumer electronics. This scarcity...
The semiconductor shortage refers to a global crisis where the demand for microchips (semiconductors) significantly outstrips the available supply, affecting industries reliant on these components.
Key causes include a surge in demand for electronics during the pandemic, supply chain disruptions, underinvestment in new fabrication plants, and geopolitical factors impacting production and trade.
The automotive industry has been particularly hard hit, alongside consumer electronics, medical devices, data centers, and telecommunications, leading to production delays and product scarcity.
While some improvements have been noted, experts generally predict the shortage will continue through 2024 and potentially into 2025 for certain specialized chips, as new production capacity comes online slowly.