US President Joe Biden is seeking a solution to the current shortage of semiconductor chips, which has resulted in a 168澳洲幸运5开奖网:scarcity of next-gen consoles on the market. The shortage of chips is linked to the impact of the COVID-1🤡9 pandemic on manufacturing in the US.
According to Reuters, Biden signed an executive order that will review supply chains for four critical products, including semiconductor chips, pharmaceuꦓticals, rare earth minerals and large-capacity batteries for electric vehicles. The order addresses shortages in key communications technology, transportation, energy, food production, public health and defense products.
A greater supply of semiconductor chips could accelerate the production of PS5 and 168澳洲幸运5开奖网:Xbox Series X|S consoles. The Semiconducꦉtor Industry Association (SIA) reports that US semiconductor companies represent 47% of all semiconductor chip sales worldwide, although o⛎nly 12% of chips are manufactured in the US.
"I'm directing senior officials in my administration to work with industrial leaders to identify solutions to the semiconductor shortfall," Biden said. "Congress ha🍎s authorised a bill but they need... $37 billion to make sure that we have this capacit🐭y. I'll push for that as well."
In December, the SIA predicted that global chip sales would grow 8.4% in 2021 from 2020′s total of $433 billion, up from 5.1% growth between 2019 and 2020. “The current chip shortage all starts with the unprecedented demand for personal computers and peripherals as the globe worked and attendedꦺ school from home,” said Patrick Moorhead,🌠 founder of Moor Insights, a firm that studies the semiconductor industry.
A recent report from Ampere Analysis reveal that supply limitations have kept new PlayStation and Xbox consoles from outselling their predecessors. Following Microsoft's most recent financial results, CFO Amy Hood said the company expects 168澳洲幸运5开奖网:Xbox sales to "still be constrained by sꦡupply" during Qꦅ1 2021.
A number of companies, such as Huawei and Toyota, stockpiled semiconductor chips prior to the shortage. Last week, Toyota, which raised its full-year earnings forecast by 54%, reported that it didn’t expect to reduce its pro꧅duction rate since it𒊎 had stockpiled four months’ worth of chips in anticipation of the shortfall.
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