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We Could Soon Have a TV, Air Conditioner and Microwave Shortage Here s Why
On 4/9/21 at 8:39 AM EDT
Common home appliances such as televisions, air conditioners, and other electronics may see a price increase in the near future due to a global semiconductor chip shortage.
Semiconductors are crucial components in essentially all modern electronic devices and are designed to control the flow of the electric current inside.
The shortage has already hit some consumer electronics such as Sony s PlayStation 5 video games console and made them hard to get, and now Chinese domestic appliance giant Midea has said more common items may also be affected.
Credit: Robert Triggs / Android Authority
If you’ve tried to buy the latest generation of AMD or Nvidia graphics cards, AMD Ryzen processors, or game consoles like the PS5 or Xbox Series X/S, you might have noticed that there’s a bit of a stock crisis hitting some sectors of the consumer tech industry right now.
The main culprit on top of the impact of the ongoing COVID-19 pandemic is a global chip shortage that’s severely limiting the availability of the latest technological products. The shortage of processing components is also having knock-on effects for other markets, including automotive, cryptocurrency, and now smartphones.
SOURCE / ECONOMY
By Agencies Published: Apr 03, 2021 02:30 PM
Photo taken on Sept. 30, 2020 shows the street view of the Lujiazui area of Pudong, east China s Shanghai. (Xinhua/Wang Xiang)
Assets under management of public offering of funds in China reached 21.78 trillion yuan (about 3.32 trillion US dollars) by the end of February, data from the Asset Management Association of China (AMAC) showed.
The figure was 20.59 trillion yuan by the end of January, according to the AMAC, an industry body supervised by China s securities regulator.
China had 133 asset management companies at the end of February, including 44 joint ventures and 89 domestic firms, according to the AMAC.
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