How The Global Computer Chip Shortage Happened

CNBC published this video item, entitled “How The Global Computer Chip Shortage Happened” – below is their description.

It’s not an overstatement to say that semiconductors power the modern world. They’re not only a key component of nearly every electronic device we buy and use — they also power the factories that make the electronic devices we buy and use. And now, there aren’t enough of them getting made. Here’s how the global semiconductor chip shortage got so bad, and what’s being done to fix it.

A chip shortage that started as consumers stocked up on personal computers and other electronics during the Covid-19 pandemic now threatens to snarl car production around the world.

GM said that it would extend production cuts in the U.S., Canada, and Mexico until the middle of March. They join a long list of major automakers, including Ford, Honda and Fiat Chrysler, which have warned investors or slowed vehicle production because of the chip shortage.

But it’s not just the automotive industry that’s struggling to get enough semiconductors to build their products. AMD and Qualcomm, which sell chips to most of the top electronics firms, have noted the shortage in recent weeks. Sony blamed the chip shortage for why it’s so hard to get a PlayStation 5 game console.

Chips are likely to remain in short supply in coming months as demand remains higher than ever. The Semiconductor Industry Association said in December that global chip sales would grow 8.4% in 2021 from 2020′s total of $433 billion. That’s up from 5.1% growth between 2019 and 2020 — a notable jump, given how large the absolute numbers are.

Semiconductors are in short supply because of strong demand for electronics, shifting business models in the semiconductor world that created a bottleneck among outsourced chip factories, and effects from the U.S. trade war with China that started under former President Trump.

Connect with CNBC News Online

Get the latest news: https://www.cnbc.com/

Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC

Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC

Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC

Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

Subscribe to CNBC PRO: https://cnb.cx/2NLi9AN

#CNBC

How The Global Computer Chip Shortage Happened

CNBC YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - CNBC

CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

Recent from CNBC:

Why the world is rushing back to the moon 1

Why The World Is Rushing Back To The Moon

Can Amazon And Hyundai Solve Online Car Sales?

What is quiet cutting? #Shorts

In This Story: Canada

Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

2 Recent Items: Canada

Impact inflation, living costs have on birth rates and Canadians on parental leave

Global National: Jan. 19, 2024 | Health data shows influenza, COVID-19 cases decreasing in Canada

In This Story: China

China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes Tibet and Hong Kong. The capital is Beijing.

7 Recent Items: China

Why The World Is Rushing Back To The Moon

How will the situation in the Red Sea evolve?

WEF founder: China plays responsible, responsive role in face of new global setting

WEF founder emphasizes crucial role of Davos meeting in addressing global challenges

Teams from China’s north, south meet in Harbin’s ice dragon boat race

WEF Founder highlights China’s remarkable economic momentum and will for progress

Where Are All the Chinese Tourists?

In This Story: COVID-19

Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

Symptoms of coronavirus

The main symptoms of coronavirus are:

  • a persistent new cough (non productive, dry)
  • a high temperature (e.g. head feels warm to the touch)
  • shortness of breath (if this is abnormal for the individual, or increased)

Latest News about Covid-19

Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

5 Recent Items: COVID-19

Global National: Jan. 19, 2024 | Health data shows influenza, COVID-19 cases decreasing in Canada

Stock market today: Dow, S&P 500 hit record highs as tech stocks soar | January 19, 2024

Stock market today: Stocks climb with techs ready to roar | January 19, 2023

Dr Anthony Fauci ‘became part of the problem’ when it came to the spread of Covid misinformation

WEF summit: Canada warns of future supply shocks amid global instability

In This Story: Donald Trump

Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.

5 Recent Items: Donald Trump

‘DISRESPECTFUL’: Tim Scott takes heat for endorsing Trump

Are those most opposed to Trump aiding his election?

Trump claims he prevented ‘nuclear holocaust’ in released deposition tapes

Donald Trump endorsed by Tim Scott amid speculation he could be election running mate

Is Tim Scott in the running to be Trump’s VP pick?

In This Story: Mexico

Mexico is a country in the southern portion of North America. It is the most populous Spanish-speaking nation. Mexico City is its capital city and largest metropolis.

Mexico became an independent nation state after the successful Mexican War of Independence against Spain in 1821.

Mexico is a developing country, but has the world’s 15th-largest economy by nominal GDP and the 11th-largest by PPP, with the United States being its largest economic partner. Since 2006, a conflict between the government and drug trafficking syndicates has led to over 120,000 deaths.

Mexico receives a significant number of tourists every year; in 2018, it was the 6th most-visited country in the world, with 39 million international arrivals.

4 Recent Items: Mexico

Can international justice stop Israel? | Inside Story

Alec Baldwin Charged Again Over Fatal ‘Rust’ Shooting

Mexico-Guatemala border: Families flee their homes over cartel violence

Alec Baldwin indicted again in connection with Rust shooting

In This Story: Sony

Sony Corporation is the holding company of the Sony Group which comprises Sony Electronics, Sony Semiconductor Solutions, Sony Pictures, Sony Music, Sony Interactive Entertainment, Sony Financial Holdings, and others.

5 Recent Items: Sony

Palworld Sells 1 Million Copies in 8 Hours, and Steam’s Servers Are Struggling – IGN Daily Fix

GTA Online Is Approaching the “Limits of What’s Possible” on PS4, Xbox One – IGN Daily Fix

MADAME WEB – Who Is Madame Web

ONE MORE SHOT – Extended Preview

Murray finds magic in Hawaii, rookie Adrien Dumont de Chassart | The CUT | PGA TOUR Originals

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.