shine trader live reports:
In order to cope with the impact of chip shortage on many industries, the U.S. government held another chip industry summit on the 23rd to seek a good way to solve the chip shortage, including representatives of Intel, TSMC, apple, Microsoft, Samsung Electronics and Ford.
Earlier this month, the U.S. Department of Commerce announced that the meeting will be chaired by U.S. Secretary of Commerce Raymond and director of the National Economic Commission dease. The topics include the impact of the new crown variant virus delta strain on chip supply and how to promote cooperation between the chip production industry and customers. The White House previously said that participants would include manufacturers, customers and industry groups.
According to Reuters, this is the third time the White House has held a chip industry summit. U.S. President Joe Biden met with major business executives in April and said he would fund the chip industry. In May, Raymond said that he met with more than 30 senior industry leaders to discuss the shortage of chips.
Although both Intel and TSMC have announced plans to set up new plants in the United States and increase chip production, it will take several years for the new chip plants to be fully put into operation. At the same time, the US legislation on providing funds for the chip industry, assisting in the expansion or establishment of new factories has yet to be voted on by Congress.
As the auto market recovers, chip shortages have forced the world’s top carmakers to cut production. At present, the global chip shortage continues, and the automobile industry is the most seriously affected. The agency estimates that the global auto industry will lose $210 billion in revenue this year, double the previous estimate.
According to the latest prediction of alixpartners, due to the chip crisis, the global automobile production will be reduced by 7.7 million this year, nearly twice the company’s previous estimate of 3.9 million. Although the relevant actions to stabilize the supply chain continued, the chip supply situation deteriorated when the depot ran out of inventory and other industries had no spare parts.
The auto industry warned that a shortage of chips could hit third quarter profits. The novel coronavirus pneumonia outbreak in Southeast Asia is closed by the outbreak of the new crown pneumonia outbreak. Now it takes 21 weeks from the chip to the delivery, while the auto industry executives say the shortage may continue for several years.