Global Market Database

  The global chip industry has been reeling under a shortage since the advent of the pandemic. It has been aggravated due to several other factors like the drought in Taiwan, the limited number of players in the market constraining the production capacity and the very nature of the semiconductor market structure. The monumental surge in demand for electronics, as the economy transitioned from brick and mortar office spaces and classrooms to virtual offices and classrooms only added to the economic disarray in the semiconductor industry. Why there is a chip shortage in automotive industry and why is it relatively more pronounced is a pertinent question making the rounds. It is because chip foundries and semiconductor manufacturers; optimize their production on more refined chips that are used in electronic devices like Smartphone’s and laptops. Meanwhile, the auto-industry uses relatively cheaper chips employed in automobile micro controlling units (MCU's). The effect of globa...

  Global Chip Shortage is a pandemic induced disruption that affected the supply of chips and integrated circuits globally. It was primarily caused by the pandemic which resulted in a huge number of people transitioning to the digital economy in the workforce sector and school and college-going students transitioning to virtual classes concerning the knowledge economy. According to Market Reports from Semiconductor Industry Association, sales for semiconductors and integrated circuits for the month of May 2021, was 26% higher than what was observed for the same period in 2020. What is being done to solve the global chip shortage crisis? Analysts and market researchers have suggested that demand for semiconductors are to see an upswing in the near term. This is a direct result of more industries undergoing digital transformation. Manufacturers and governments are actively pursuing to add more capacity to their manufacturing facilities and supply chains. Other miscellaneo...