EPS asks, and answers, the question of why the semiconductor supply chain is taking longer than expected to rebound.
The main reason is that electronic component needs have not decreased. “In general, the need for a healthy and productive global semiconductor supply chain has remained the same.” Although the overall demand has decreased and people tend to be buying less, industries like farm equipment and agriculture, modern computing, general lighting, and capital equipment still need the parts and materials to continue manufacturing.
“The hope is that collective actions now will help support the global semiconductor supply chain in the near future. Modern technologies are helping to speed up and optimize operations. New factories and manufacturing plants are helping to boost output. Mines and materials sourcing operations are back in action, wheels turning maybe even faster than they were pre-pandemic.”
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