Semiconductor shortage that has hobbled manufacturing worldwide is getting worse
Source: Washington Post
After nearly a year, automakers are still cutting back on production and losing sales in a supply crisis that is also hitting other business sectors.
The global semiconductor shortage that has paralyzed automakers for nearly a year shows signs of worsening, as new coronavirus infections halt chip assembly lines in Southeast Asia, forcing more car companies and electronics manufacturers to suspend production.
A wave of delta-variant cases in Malaysia, Vietnam and the Philippines is causing production delays at factories that cut and package semiconductors, creating new bottlenecks on top of those caused by soaring demand for chips.
Underscoring that the problem has defied easy solutions, the White House on Thursday held its second summit in five months with semiconductor manufacturers and buyers, in part to gain more clarity on the scope of the crisis, senior administration officials said.
Attendees included senior executives from Intel, General Motors, Ford, Apple, Microsoft, Samsung and two dozen other companies, as well as Commerce Secretary Gina Raimondo and National Economic Council Director Brian Deese.
Read more: https://www.washingtonpost.com/us-policy/2021/09/23/chip-shortage-forecast-automakers/
Looks like it's gonna be a little bit longer wait to get that Playstation 5.
OAITW r.2.0
(24,287 posts)PoliticAverse
(26,366 posts)pbmus
(12,422 posts)msongs
(67,356 posts)overseas to boost their profits and ceo salaries
IthinkThereforeIAM
(3,075 posts)... eom.
C Moon
(12,208 posts)(phones, computers, etc), the economy would crash because people would no longer upgrade to new devices.
This reply is off base, but I wanted to share because it reminded me of that theory back then.
myohmy2
(3,139 posts)...has no check wallet, I mean, check engine light...
...it's a shame...
DallasNE
(7,402 posts)You chase cheap labor. No infrastructure behind the cheap labor to keep it humming.
SunSeeker
(51,508 posts)It's only gotten worse. Sucks.
Shanti Shanti Shanti
(12,047 posts)Lol, I still have PS 4 games in the wrapper, games, need to have games worth playing
yaesu
(8,020 posts)and maybe we can bring key manufacturing back to the US.
lonely bird
(1,676 posts)Look into shortages of propylene oxide which is a feedstock for various chemicals used in polyurethanes including urethane foams which are used in applications from insulation to mattresses. Dow, Huntsman, BASF and Covestro have been on Force Majeure meaning their customers are on allocation and delivery is uncertain. The storm back in the early part of the year in Texas damaged plants (yeah for the shitty electrical grid! Not.) and plants there also were shutting down Q3/Q4 to replace damaged equipment. Isocyanates, MDI, TDI AND HDI, coming from China and Korea have been hammered with high tariffs. Shipping container pricing to get products here from the East have sky-rocketed in cost. I have heard of prices for shipping a 40 foot container going as high as 40K when they were prior to COVID 2-3K. In addition, ports are clogged with ships awaiting unloading. I heard a story, dont know if it is true, that some ships are so far offshore waiting to get into port that they cant drop anchor.