Chip shortage: need for resilience, diversification
More fabricating facilities being planned to enable countries to secure chip supplies
ISLAMABAD:
The chip shortage phenomenon is as real as it gets and we see global supply chains faltering when it comes to the production of semiconductors, silicon wafers and integrated circuits, causing billions of dollars in lost earnings to the global automobile industry alone.
Subaru has shut down its plant in Japan while Nissan, Daimler and Volkswagen have reduced their working hours while they await shipment of microcontrollers from Taiwan.
General Motors, in a bid to improvise in the face of the shortfall, has started to remove some non-essentialcfeatures from its SUVs and trucks.