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- The global semiconductor shortage is causing headaches for many industries, including manufacturers of PCs, mobile devices, gaming consoles, vehicles, networking devices, and industrial machines1. The shortage is due to a variety of factors, including the COVID-19 pandemic, which has disrupted supply chains, and surging demand for products that use semiconductors2. The impact of the shortage could be significant, with Goldman Sachs estimating that the GDP hit could be 0.5% this year, while price increases could hit 3% for affected goods2. Semiconductors are so important that TS Lombard economist Rory Green calls them the “new oil” for the global impact that disruptions can cause2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The global semiconductor shortage is causing headaches for many industries. Manufacturers of PCs, mobile devices, gaming consoles, vehicles, networking devices, and industrial machines are all scrambling to buy enough chips to use in their products amid surging demand for those same products.www.fool.com/investing/2021/04/27/6-causes-of-th…Shortage of semiconductors, dubbed the ‘new oil,’ could dent GDP growth, boost inflation
- A variety of factors have converged to make coveted semiconductors scarce.
www.cnbc.com/2021/04/22/semiconductor-shortag… - People also ask
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