Semiconductor Shortage Causing Supply Chain Constraints
Description
Impact Summary: Semiconductor shortages begin to ease after years-long shortage, bringing some relief to electronics, automotive, and tech industries.
Industries Affected: Electronics, automotive, telecommunications
Potential Impact: Extended lead times for critical components, increased costs, potential product shortages.
Recommended Actions: Secure alternative suppliers, reassess inventory planning, prioritize high-demand product lines.
All updates
CHIPS Act signed into law
Biden signed the CHIPS Act into law in an effort to reduce microchip supply constraints for U.S. companies. The act offers subsidies and tax credits for U.S. chip manufacturers to boost domestic chip production.
August 8, 2022
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Price of neon skyrockets amid supply constraints
The price of neon, a gas required for microchip production, has increased sixfold since December. The price increase and shortage is a byproduct of the Russia-Ukraine war, as Ukraine produces about half the global neon supply.
March 12, 2022
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Third factory fire places further strain on semiconductor supply
A fire at a manufacturing plant in Berlin has caused damage to equipment used in chip production. This is the third fire at a manufacturing plant involved in chip product in under 2 years and is expected to further strain the microchip supply.
January 2, 2022
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Drought in Taiwan causes further issues for chip manufacturers
With Taiwan experiencing its worst drought in decades, chip manufacturers whose operations require large amounts of water are feeling further strain. This could lead to further strain on the supply of chips and semiconductors.
June 11, 2021
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Biden signs executive order to strengthen chip supply chain
Biden signs an executive order to review microchip supply chains in an effort to ease the global chip shortage. The executive order is a step towards policies to boost domestic U.S. chip manufacturing.
February 23, 2021
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Severe weather forces closure of multiple manufacturing plants in Texas
A severe winter storm has forced the closure of multiple manufacturing plants in Texas, including ones operated by NXP Semiconductors, Samsung, and Infineon. The closure is expected to cause delays in chip manufacturing, further straining supply of semiconductors.
February 17, 2021
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U.S. imposes restrictions on trade with largest Chinese chipmaker amid ongoing semiconductor shortage
The U.S. has tightened trade restrictions on China's largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC). Companies should switch to other manufacturers; however, delays should be expected as world's largest semiconductor manufacturers are already operating at maximum capacity.
September 25, 2020
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Coronavirus pandemic causes shortage of products ranging from toilet paper to semiconductors
The COVID-19 pandemic has led to a shortage in products ranging from food and toilet paper to semiconductors and more. Ongoing lockdowns in China have led to labor shortages and manufacturing delays, especially impacting semiconductors as demand increases and supply decreases. Automakers and computer manufacturers are particularly feeling the impact of the shortage.
April 14, 2020
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