The US Department of Commerce has warned that manufacturers’ semiconductor supplies have plummeted as a result of the Global chip shortage.
According to a survey of more than 150 businesses, supplies have decreased from an average of 40 days in 2019 to only five days in late 2021.
During the epidemic, gadget sales skyrocketed, leaving semiconductor manufacturers straining to keep up with demand.
The shortfall of the Global chip shortage has caused significant disruptions in important industries. Millions of items, including automobiles, washing machines, and cellphones, rely on these chips, also known as semiconductors.
“With skyrocketing demand and full utilization of current production facilities, it is evident that the only long-term answer to this dilemma is to develop our domestic manufacturing capacity.” Gina Raimondo, the United States Secretary of Commerce.
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