In response to the impact of chip shortages in many industries, the US government held another chip industry summit on the 23rd to seek a good way to resolve the chip shortage. Representatives from Intel, TSMC, Apple, Microsoft, Samsung Electronics and Ford participated in the event. Online meeting.
The U.S. Department of Commerce announced earlier this month that the meeting will be chaired by U.S. Secretary of Commerce Raimundo and Director of the National Economic Council Diss. The topics include the impact of the new crown mutant virus delta strain on chip supply and how to promote chip production. Cooperation between industry and customers. The White House previously stated that attendees will include producers, customers and industry groups.
According to Reuters, this is the third time the White House has held a chip industry summit. US President Biden met with major corporate executives in April and said that he would fund the chip industry. In May, Raimondo said that he met with more than 30 senior industry leaders to discuss the issue of chip shortages.
Although both Intel and TSMC have announced plans to set up new factories in the United States and increase chip production, it will take several years for the new chip factories to be fully operational. At the same time, a bill in the United States to provide funding for the chip industry, assist in expansion or set up new plants is yet to be voted on by Congress.
As the auto market recovers, the shortage of chips has forced the world's top automakers to cut production. At present, the global chip shortage continues, and the automotive industry has suffered the most severe impact. The agency estimates that the global automotive industry will lose US$210 billion in revenue this year, doubling the previously estimated loss.
According to the latest forecast of the agency AlixPartners, due to the chip crisis, global car production will be reduced by 7.7 million units this year, which is nearly twice the company's previous estimated reduction of 3.9 million units. Although relevant actions to stabilize the supply chain continued, the chip supply situation deteriorated as car factories ran out of inventory and other industries had no spare parts.
The automotive industry warned that a shortage of chips could impact third-quarter profits. Important supply centers in Southeast Asia have closed their factories due to the outbreak of the new crown pneumonia. Now it takes 21 weeks from chip order to delivery. The director of the auto industry said that the shortage may continue for several years.
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