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Semiconductor Shortage Still Haunts Global Supply Chains | Newark News
Description
The global semiconductor shortage is far from over, with demand outpacing supply and impacting everything from cars to consumer electronics. Rooted in decades of just-in-time manufacturing and overreliance on key production hubs, the crisis began in 2020 and continues to ripple through industries, causing delays and price hikes. While some areas show slight easing, critical chip shortages are expected to persist into next year. Companies are now scrambling to diversify supply chains and boost domestic production, forcing a global rethink of how we build and rely on these tiny but essential components.
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