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Thu Sep 23, 2021, 10:27 PM

Semiconductor shortage that has hobbled manufacturing worldwide is getting worse [View all]

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.

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