Resources

Since April, Taiwan has been dealing with a major surge in coronavirus infections. Recently, the new COVID-19 wave has been causing disruptions among the island’s many semiconductor manufacturers, a development with potentially global implications.

Analog Devices’ innovative development and production methodologies have been tested by recent industry-disrupting events. Thankfully, many of its most popular industrial and automotive components are readily available for purchase.

AlixPartners, a global consulting group, estimates the global component shortage will reduce the auto industry’s revenue by $110 billion in 2021. It previously pegged the sector’s annual losses at $60.6 billion.

A raw materials shortage is the latest setback for the global components industry. See how this, coupled with the ongoing automobile components shortage, will further impact supply chains around the world.

Research firm Gartner, along with several top semiconductor industry executives, believe the global chip shortage will extend into 2022. However, the group also provided OEMs with three tips on how to endure the bottleneck.

The global semiconductor shortage prompted factory shutdowns throughout the automotive industry since it began in late 2019. But the crisis extends far beyond just one sector.

TSMC, the world’s leading pure-play foundry, announced it would spend $2.8 billion to expand its output of automotive components. Other top contract chipmakers have ramped up their output to alleviate the crisis.

Daimler is temporarily reducing the hours of up to 18,500 workers as a consequence of the global chip shortage. That said, recent statements by leading semiconductor providers indicate the crisis is nearing an inflection point.

IHS Market, a leading global information provider, recently presented a series of insights and best practice recommendations for companies dealing with the global chip shortage.

The chip shortage has become a Suez Canal-like bottleneck for multiple industries. From automotive all the way to home appliances, its effect is felt far and wide. How long will it last? A few industry heavy weights chime in and give predictions.