A car uses hundreds or even thousands of chips, and the lack of one can render the whole vehicle unproduceable. Ford Motor Co., Suzuki Motor Co., Volkswagen America Co., Toyota Motor Corp., Honda Motor Co., and many other well-known automakers have announced plans to suspend production lines at factories.
And the chip shortage isn't just in the auto industry. Now it's spreading to all kinds of businesses.
The global chip shortage started at the end of 2020 and is getting worse. Many industry experts say it will take at least 2022 for the global chip supply chain to normalize. What is the cause of the "chip shortage"?
Shopping malls and most businesses in Malaysia were closed in early June as the country began its second near total lockdown in response to the worsening COVID-19. Some analysts say this could exacerbate an already severe shortage of chips worldwide. Malaysia is the world's seventh largest semiconductor export center, with more than 50 semiconductor companies around the world investing in Malaysia, including almost all of the semiconductor giants.
On the other hand, as a result of the outbreak, many processing plants around the world have not been able to open as scheduled. In many areas, home-based work and online training have become the norm, and demand for consumer electronics has soared. HP's consumer PC and business and consumer printer segments both saw sales growth of more than 70% year-over-year, according to the company's second quarter of fiscal 2021.
In addition, the rapid upgrading of smart devices around the world has greatly increased the demand for chips. Take Xiaomi Note10 Pro as an example, a total of 114 chips are needed. If only one chip is not in place, the phone may not be produced.
This is especially true in the car industry. According to international data firm IDC, the global automotive semiconductor market revenue is estimated to be about $31.9 billion in 2020 and about $42.8 billion in 2024, with the market share of dedicated and analog IC chips growing. From the value content of the car, according to statistics, the average chip content of each car is 350 dollars; A pure electric car can cost as much as $770; For a premium electric car, the chip content can exceed $1,500, five to six times that of a basic car today.
Source: Internet
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