{"id":566150,"date":"2021-05-31T14:03:36","date_gmt":"2021-05-31T14:03:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/semiconductor-shortage-could-take-years-to-be-resolved\/"},"modified":"2021-05-31T14:03:36","modified_gmt":"2021-05-31T14:03:36","slug":"semiconductor-shortage-could-take-years-to-be-resolved","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/semiconductor-shortage-could-take-years-to-be-resolved\/","title":{"rendered":"Semiconductor shortage could take years to be resolved"},"content":{"rendered":"

<\/a> Remember that semiconductor shortage? It\u2019s likely to stay with us for a while: <\/strong>A global lack of semiconductors \u2014 essential to making most electronic devices \u2014 could take several years to abate, with producers saying they still need time to up factory capacity, Intel CEO Pat Gelsinger told the virtual attendees of the Computex show in Taipei today (watch, runtime: 43:50<\/a>). The industry addressed short-term shortages that resulted from \u201cexplosive\u201d demand when mns worked and studied from home during the pandemic, but it could still take at least \u201ca couple of years for the ecosystem to address shortages of foundry capacity, substrates and components,\" Gelsinger said. Foxconn Chairman Young Liu, who leads an industry heavyweight supplying global tech brands including Apple, had previously said<\/a> the shortage would only last until the start of 2022.<\/p>\n

Gelsinger isn\u2019t the first CEO warning us of a prolonged shortage: <\/strong>Cisco CEO Chuck Robbins had warned that It might still take another six months<\/a>before production starts to pick up again. But even then, that would be a short term remedy, it\u2019ll be about 12 to 18 months before providers are really able to build out more capacity, he added. In the meantime, companies are engaged in fierce competition over available stocks of semiconductors in what Nokia CEO Pekka Lundmark described to Bloomberg<\/a> as a, \u201cfight that could continue a year or even two.\u201d<\/p>\n

The impact is being felt by manufacturers and consumers alike: <\/strong>Companies like Apple<\/a> and Samsung have been forced to scale back production<\/a> of their technologies and have already announced delays in the releases of their newest smartphones because of the backlog. Sony and Microsoft have also struggled to keep pace with demand for their game consoles and are likely to raise prices<\/a> in the absence of more chips. Even home appliance manufacturers like US-based Whirlpool, which produces microwaves and fridges, are struggling<\/a> to meet demand for their goods because of a 10% shortfall in chip deliveries this past March.<\/p>\n

US auto manufacturers are expected to take the biggest hit<\/strong> and lose out on some USD 60 bn in sales<\/a> this year due to the tight market conditions. Ford Motors has already downsized production by 1.1 mn units this year due to the shortage, which will see it lose out on some USD 2.5 bn in sales, according to the company\u2019s most recent earnings release (pdf)<\/a>. Semiconductor stocks are on the rise<\/a> however, with Taiwan Semiconductor Manufacturing Company (TSMC), the largest industry player, up 11% this year.<\/p>\n

Here at home, Egypt\u2019s auto industry also said it\u2019s taken a slap, <\/strong>with major car manufacturers including GB Auto forced to slash production. Car makers weren\u2019t able to get their hands on enough key components used to control electrical systems in vehicles during the first few months of 2021, Khaled Saad, who heads the Egyptian Association of Automobile Manufacturers said earlier this month<\/a>.<\/p>\n

It isn\u2019t just tech-heavy industries that are in a bind:<\/strong> Low-tech products like light-bulbs, toaster ovens, washing machines and car parts, which have been increasingly relying on chips in recent years to provide consumers with smart control systems, are also beginning to suffer<\/a> from semiconductor scarcity. The problem is particularly exacerbated for low-tech players because most manufacturers have oriented their production towards the more sophisticated, and expensive, variety of semiconductors \u2014 meaning that it might take even more time before we see supply rebound for these companies.<\/p>\n

So, what are companies doing about it? <\/strong>TSMC expects<\/a> to spend USD 28 bn in capital expenditure this year, up from USD 18 bn it had earmarked a year earlier, while Samsung is putting in some USD 116 bn over the next decade to bolster operations. Former chip manufacturing leader, Intel, is also working to get in on the gold rush and has announced<\/a> a USD 20 bn plan to build two new factories in Arizona and open its existing plants to outside customers.<\/p>\n

In the US, <\/strong>tax incentives<\/a><\/strong> are separately in the works <\/strong>for a proposed USD 12 bn TSMC plant<\/a> in Arizona and a USD 17 bn Samsung facility<\/a> that could potentially land in Texas. This will help encourage the development of a local US supply chain and semiconductor independence. The EU could also be moving in the same direction, with the European Commission setting its sights on boosting chip<\/a> production to constitute 20% of the global market by 2030, with the help of Samsung and TSMC.<\/p>\n

BACKGROUND- So what exactly is causing it?<\/strong> Demand for electronic appliances like cell phones and laptops, which soared during the pandemic<\/a>, snapped up a large chunk of the global supply of chips this past year. Meanwhile, car manufacturers \u2014 who also heavily rely on semiconductors \u2014 reduced new orders of chips, in anticipation of a longer recovery from the pandemic. Chipmakers were then blindsided when a resumption in automobile demand picked up earlier this year, with manufacturers rushing to place new orders for chips, causing a supply crunch. The bottle-necked supply chain was also hit by a slew of fires at Japanese facilities<\/a>, a major drought in Taiwan<\/a> and an arctic blast in Texas<\/a> that forced major manufacturing facilities offline and significantly disrupted production.<\/p>\n

Wait, there\u2019s more: <\/strong>Some computer and cell phone manufacturers like Huwawei had started hoarding<\/a> semiconductors early on in anticipation of a shortage, which further undercut their availability in the market. Major stockpiling efforts in China, which saw companies collectively spend some USD 380 bn<\/a> on chips in 2020, were also invigorated by the country\u2019s trade war with the US which threatened to cut off access to manufacturers, depleting available stocks of the silicon chips even further.<\/p>\n

We broke down the bits and pieces of the shortage<\/strong> when it first started making frequent headlines earlier this year in our in-house explainer.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Remember that semiconductor shortage? It\u2019s likely to stay with us for a while: A global lack of semiconductors \u2014 essential to making most electronic devices \u2014 could take several years to abate, with producers saying they still need time to up factory capacity, Intel CEO Pat Gelsinger told the virtual attendees of the Computex show […]<\/p>\n","protected":false},"author":1,"featured_media":566151,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9277],"tags":[107,633,2230,9594,570,131,1702,3157,577,645,239,2205],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-on-the-horizon","tag-covid-19","tag-enterprisepm","tag-huawei","tag-intel","tag-japan","tag-manufacturing","tag-nokia","tag-on-the-horizon","tag-samsung","tag-semiconductors","tag-supply-chain","tag-taiwan","wpautop","entry"],"acf":{"mongo_id":"b90ef70b-8994-44d7-9515-1ac613a2eef4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/5\/497.jpg","photo_position":"above","related_issue":[566141],"teaser":"","voice_url":""},"yoast_head":"\nSemiconductor shortage could take years to be resolved - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/semiconductor-shortage-could-take-years-to-be-resolved\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Semiconductor shortage could take years to be resolved\" \/>\n<meta property=\"og:description\" content=\"Remember that semiconductor shortage? 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Thank the global micro-chip shortage: Supply disruptions are once again back in the forefront of news. This time it\u2019s with electronic devices and car production, which have been hit by a shortage in semiconductors \u2014 the building blocks of microchips that power\u2026","rel":"","context":"In "Macro picture"","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/525.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565824,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/the-global-chip-shortage-has-officially-hit-our-local-auto-industry\/","url_meta":{"origin":566150,"position":1},"title":"The global chip shortage has officially hit our local auto industry","author":"enterpriseam admin","date":"6 May 2021","format":false,"excerpt":"Major car manufacturers including GB Auto have been forced to slash production due to the global chip shortage, Khaled Saad, who heads the Egyptian Association of Automobile Manufacturers, reportedly told the local press. Car makers weren\u2019t able to get their hands on enough electronic control units (ECUs) in recent months,\u2026","rel":"","context":"In "SPEED ROUND: AUTOMOTIVE"","block_context":{"text":"SPEED ROUND: AUTOMOTIVE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543039,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/oil-and-gas-still-come-out-on-top-amidst-environmental-awareness-chipmakers-struggle-to-find-employees\/","url_meta":{"origin":566150,"position":2},"title":"Oil and gas still come out on top amidst environmental awareness + chipmakers struggle to find employees","author":"enterpriseam admin","date":"3 January 2022","format":false,"excerpt":"Despite all the talk on ESGs this year, oil and gas still outperformed their sustainability-oriented peers, according to the Financial Times. 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Russia\u2019s war on Ukraine could disrupt the supply of neon gas and metal palladium, both of which are used to manufacture conductors, according to analysts cited by the Wall Street Journal. The two\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/558.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":580360,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/theres-more-pain-ahead-for-the-global-auto-industry-productivity-really-takes-a-nosedive-around-holiday-season\/","url_meta":{"origin":566150,"position":4},"title":"There\u2019s more pain ahead for the global auto industry + Productivity really takes a nosedive around holiday season","author":"enterpriseam admin","date":"21 December 2022","format":false,"excerpt":"The global auto industry is preparing for semiconductor shortages to last until the end of 2023, driven by an increase in electric vehicle demand and \u201cmore connected functions\u201d in regular fuel cars, the Financial Times reports. Advanced power chips known as silicon carbide chips (SiC) \u2014 which are specifically used\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/763.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545363,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/23\/chip-shortage-looks-like-its-staying-with-us-a-while-longer-crypto-com-to-back-fifa-world-cup\/","url_meta":{"origin":566150,"position":5},"title":"Chip shortage looks like it\u2019s staying with us a while longer + Crypto.com to back Fifa World Cup","author":"enterpriseam admin","date":"23 March 2022","format":false,"excerpt":"And the chip shortage lives on: Chipmakers\u2019 expansion plans to meet the growing demand and fill the gap between supply and demand will reportedly be constrained thanks to a shortage of critical equipment. \u201cNext year and the year after there will be shortages \u2026 We\u2019re going to ship more machines\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/548.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=566150"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566150\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/566151"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566150"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566150"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}