advertisement advertisement advertisement There's a global shortage in semiconductors, and it's becoming increasingly serious. The U.S. is currently reviewing its supply of the technology, following a landmark executive order from President Joe Biden. advertisement advertisement The president also pledged $37 billion to cover the short-term costs of rebuilding and securing America's supply of semiconductors , which are a fundamental part of microchips and thus integral to everything from computers to smartphones to renewable energy and military hardware. The automotive sector has been worst affected by the drought, in an era where microchips now form the backbone of most cars. Ford is predicting a 20% slump in production, and Tesla shut down its Model 3 assembly line for two weeks. In the U.K., Honda was forced to temporarily shut its plant as well. graphics cards and Xboxes respectively. It appears that no company, big or small, tech or non-tech, is safe from the wide-ranging impact of the great semiconductor famine of 2021. The concentration problem While it is easy to blame the COVID-19 pandemic for this situation, the truth is that the global semiconductor supply chain had this coming for some time. As much as 70% of the world's semiconductors are… Read full this story
- ‘My Power to Demolish Is Ten Times Greater Than My Power to Promote’
- Facebook, Amazon and Samsung: 2019 is the year tech couldn't stop screwing up
- How Robyn transformed pop
- ‘The Big Lebowski’: The Decade of the Dude
- Trump says 'maybe people will get tired of me – who knows?' as he DOWNPLAYS a third-party run and backs 'merit system' to determine which illegal immigrants can stay
How the world ran out of a critical technology that powers our cars, phones, and more have 272 words, post on www.fastcompany.com at March 6, 2021. This is cached page on Business Breaking News. If you want remove this page, please contact us.