Chip shortages are impacting multiple industries, from computers to gaming consoles and the auto industry; the short supply is causing major upheaval as major corporations try to produce enough chips for their products. Sony recently announced that the PS5 would remain in short supply through 2022 as chip shortages affect the tech giant’s ability to build enough units to meet demand.
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The Dell CEO further explained, “We are talking, in particular, about components that are in the one-dollar range and are used practically everywhere. But even newer technologies are not easy to come by.” Having spoken to others in the industry, several makers have admitted to scrambling to not only find chips but other components for their devices since the Covid-19 pandemic began. Several companies told us they were doing all they could to keep up with product demand while working hard to innovate. Recently, Nvidia CFO Colette Kress said, “demand continues to exceed supply for much of this year.” With chip maker TSMC warning that shortages could last long into 2022, consumers could be hard-pressed to get their hands on new tech or even have access to goods they use daily. As reported by Windows Central, SIAC’s main objective is to promote the manufacturing of semiconductors in the U.S. and “secure funding for the CHIPS for America Act.” The newly formed coalition already sent a letter to leaders in the U.S. Congress to support U.S. President Biden’s call for $50 billion to fund semiconductor manufacturing incentives and research in conjunction with the CHIPS for America Act.
