Soaring Prices! Chip Prices Surge 5-fold! From Unavailability to Unaffordability, Hundreds of Industries Worldwide Affected
2021-06-16
According to CCTV Finance, a recent Goldman Sachs research report indicates that as many as 169 industries worldwide have been affected to some extent by the chip shortage, including steel products, concrete production, air conditioning manufacturing, beer brewing, and even soap production. The global chip shortage is intensifying, making price increases inevitable. Recently, the global automotive industry has collectively fallen into a production suspension wave, with many well-known automakers such as Ford, Suzuki, Volkswagen of America, Toyota, and Honda announcing plans to suspend factory production lines. However, the chip shortage is not limited to the automotive industry; its impact has now spread to various companies. "Unable to buy" and "unable to afford" have become common dilemmas faced by many downstream companies.
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