$GTCH In a recent investing article on the sector
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Posted On: 08/10/2021 6:25:16 AM
$GTCH In a recent investing article on the sector it was noted, "An acute shortage of semiconductors has been hurting several industries, with carmakers and electronic goods manufacturers suffering the most. This has led many carmakers to temporarily halt production, which is now affecting their sales and revenues."
Glenn O'Donnell, Vice President, Research Director of Forrester Research said in his blog, "The pandemic played a role in this demand surge, too. The surging demand seems to have caught the chip fabs by surprise. Capacity has been increasing but not nearly fast enough to keep up. The pandemic temporarily shut down chip fab capacity. This caused a backup similar to the impact of the Ever Given fiasco on the Suez Canal. That chip backlog is still taking time to flush through."
https://www.barchart.com/story/news/2207823/t...re-demands
Glenn O'Donnell, Vice President, Research Director of Forrester Research said in his blog, "The pandemic played a role in this demand surge, too. The surging demand seems to have caught the chip fabs by surprise. Capacity has been increasing but not nearly fast enough to keep up. The pandemic temporarily shut down chip fab capacity. This caused a backup similar to the impact of the Ever Given fiasco on the Suez Canal. That chip backlog is still taking time to flush through."
https://www.barchart.com/story/news/2207823/t...re-demands
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