Search results
Results from the WOW.Com Content Network
Between 2020 and 2023, there was a worldwide chip shortage affecting more than 169 industries, [1] which led to major price increases, long queues, and reselling among consumers and manufacturers for automobiles, graphics cards, video game consoles, computers, household appliances, and other consumer electronics that require integrated circuits (commonly called "chips").
From early 2020, the effects of and the mitigation of the COVID-19 pandemic caused disruptions in supply chains and logistics. This was coupled with a 13% increase in global demand for PCs owing to some countries' shift to a stay-at-home economy, [6] and impacted the availability of key chips necessary for the manufacturing of electronics. [7]
New challenges in 2021, including the Delta variant and reduced access to the COVID-19 vaccine in developing countries, further exacerbated the recovery of global production even as the economies of wealthier, vaccinated regions, such as the United States and Europe, resumed their patterns of consumption. [1]
Production of integrated circuits (ICs) last month rebounded over 6 per cent to 27.5 billion units from 25.9 billion units in April, according to data published by the National Bureau of Statistics.
For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us
Panic buying has also hit the capital city, Jakarta. As the first reported cases of COVID-19 was announced by the government at 3 March. [384] In Malaysia, economists predicted that the outbreak would affect the country's GDP, trade and investment flows, commodity prices and tourist arrivals. [385]
For premium support please call: 800-290-4726 more ways to reach us