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  2. A confluence of problems led to the semiconductor shortage. In addition to long-standing issues within the industry, such as insufficient capacity at semiconductor fabs, the COVID-19 pandemic introduced unprecedented challenges. For instance, automakers cut their chip orders in early 2020 as vehicle sales plummeted.
    www.weforum.org/agenda/2022/02/semiconductor …
    The pandemic prompted chip factories to start shutting down early last year, particularly overseas, where the majority of the processors are made. By the time they started to reopen, they had a backlog of orders to fill. That wouldn’t have been as daunting if chipmakers weren’t then swamped by unforeseen demand.
    www.usatoday.com/story/tech/2021/04/02/chip-sho…
    Koray Köse, an analyst at Gartner, says that among the pressures facing the chip industry prior to the pandemic were the rise of 5G, which increased demand, and the decision by the US to prevent the sale of semiconductors and other technology to Huawei. Chip makers outside the US were quickly flooded with orders from the Chinese firm.
    www.bbc.com/news/business-58230388
     
  3. People also ask
    Why is the chip industry so bad?The history of the chip industry has been marked by these periods where they built too many factories so there’s a glut of chips or they built too few factories and there’s a shortage of chips. So they weren’t getting accurate demand signals from their customers.
    What's going on with the chip industry?South Korea announced a push worth $450- billion over ten years, the United States is pushing legislation worth $52 billion, and the EU could plow up to $160-billion into its semiconductor sector. Chipmakers were already on a spending spree.
    Why did chip and HGTV take time off?Chip acknowledges that the time off they were able to have was a gift. They were able to understand that working with HGTV was no longer a fulfilling career opportunity for them, and were able to explore what they actually wanted to do with the rest of their lives.
    What is the chips Act & why is it important?The funding stems from the CHIPS Act, which a bipartisan group of lawmakers passed in 2022 to re-establish the United States as leader in the production of semiconductors, the foundational components that power everything from phones and supercomputers to cars and weapons systems.
     
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  6. WebUpdated on: Dec 12, 2023 1:50 pm ·. By Samantha Agate. Comment. In 2022, fans of Chip and Joanna Gaines got the ultimate treat when they saw the pair tackle an incredible renovation project on...

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  11. WebDec 27, 2021 · The world will have lost 11.3 million units of production in 2021 because of the chip shortage, according to AutoForecast Solutions. Drive by any almost empty dealer lot to see what this looks...

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