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The global semiconductor shortage prompted factory shutdowns throughout the automotive industry since it began in late 2019. But the crisis extends far beyond just one sector.

TSMC, the world’s leading pure-play foundry, announced it would spend $2.8 billion to expand its output of automotive components. Other top contract chipmakers have ramped up their output to alleviate the crisis.

Daimler is temporarily reducing the hours of up to 18,500 workers as a consequence of the global chip shortage. That said, recent statements by leading semiconductor providers indicate the crisis is nearing an inflection point.

IHS Market, a leading global information provider, recently presented a series of insights and best practice recommendations for companies dealing with the global chip shortage.

The chip shortage has become a Suez Canal-like bottleneck for multiple industries. From automotive all the way to home appliances, its effect is felt far and wide. How long will it last? A few industry heavy weights chime in and give predictions.

The global chip shortage is causing DRAM spot prices to rise drastically, which is bound to have a real impact on one of the most common pieces of office and home equipment around: the printer.

South Korea is investing $176B into its domestic automotive chip industry in the hopes of offsetting the negative effects of the global chip shortage. At present, the nation imports 98 percent of the chips embedded in personal transports.

The Chinese Semiconductor Industry Association (CSIA) announced it will form a new, bilateral working group with its Washington-based counterpart, the Semiconductor Industry Association (SIA).

The electronic components shortage is so dire that executives now predict it will last at least through the first half of 2022. Manufacturers are now looking to navigate the shortage by utilizing older fabrication techniques in the hope of creating new supply for the rampant demand.

The global semiconductor shortage is causing manufacturers to get real creative these days. They are now bringing back older chip-making techniques to help offset the current component shortage.