The chip crisis in the global technology market will have an impact on smartphone production

News Desk: The chip crisis has occurred since the global coronavirus spread. One of the current issues in the technology market is the scarcity of chips. Technology analysts predict that the global semiconductor shortage will be permanent by the end of next year. Currently, car production of various automobile companies is being hampered due to the shortage of semiconductors. Chip shortages are expected to adversely affect smartphone production.

China plans to produce semiconductors to meet the crisis. China has taken this step to fill the gap in Taiwan's production crisis. Irish Peng, chief economist of Greater China at Dutch Banking Corporation ING, made the remarks at the Global Market Forum this week.

He said Taiwanese semiconductor companies have increased semiconductor production at their factories in China. The companies have made such a decision due to the severe disruption of production and activities in the factories of Taiwan due to Kovid.

Irish Peng said Taiwanese semiconductor companies are currently producing chips for cars. As a result, the chip crisis for cars is expected to end in a few weeks.

Technicians call the Chip crisis another epidemic. Meanwhile, companies have warned of a future chip crisis in the global industrial market. ASML, one of the world's leading semiconductor manufacturers, has increased its sales this week. Based on the purchase orders of chip giants TSMC and Intel, they achieved this sales growth.

Adam Khan, founder of Semiconductor, said the large-scale semiconductor supply deficit could continue until the second quarter of 2022. But this deadline is just an idea for us.

In addition, despite the preparations, the US technology giant Apple has reportedly fallen victim to the chip crisis.

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