Electronics manufacturers all over the world faced with a shortage of chips, microcircuits and electronic components. And ordinary consumers run into an increase in price of equipment and delivery leadtime. COVID-19 pandemic. In 2020, to fight the spread of the coronavirus, many factories were closed for several months, ranging from chip manufacturers, electronic components to manufacturers of finished devices. This caused a shortage of even basic components, and, as a result, even greater difficulties in the production of consumer and industrial electronics. Remote work has increased the demand for consumer appliances, smartphones, tablets, laptops and cloud servers. Manufacturers switched to the production of consumer equipment, which increased the shortage of components in other areas.
Overload of semiconductor manufacturers. The factories of wafer manufacturers TSMC and Samsung Electronics are packed to capacity, and they will need 2-3 years to build new facilities to expand production. Many industries are already suffering from a shortage of electronic components, for example, automakers are facing a shortage of chips for electronic engine control units, external electrical appliances, tachographs, instrument control panels, multimedia systems and many other systems. Because of this, it is necessary to reduce the production of cars and even stop factories.
New trends in technology. Rapid growth in electric vehicles, the Internet of Things, 5G network equipment and Wi-Fi 6 has fueled the consumption of electronic components. Semiconductor manufacturers cannot cope with the increased demand, and it is possible to increase the production of microcircuits only 2-3 years after the construction of new factories.
Rising prices and delivery times provoked manufacturers to buy more components in stock, which further increased the shortage of components. Many manufacturers have faced the fact that they have to wait for components from 25 to 52 weeks, and the prices of scarce components from the warehouse have risen tenfold. Due to the lack of one or two components, such as an audio chip or a network controller, the manufacturer has to delay the assembly of a whole batch of expensive equipment.