Chip Shortage Leads to 2 Year Backlog!

Semiconductor Chip Shortage Leads to 2 Year Backlog on some Appliances & tech products!

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As technology continues to advance, computer (or semiconductor) chips are no longer exclusively found in computers and cars — they are now critical components for a staggering number of products

But a combination of factors has created a lack of these critical components leading to major shortages of consumer goods globally in close to 170 industries.

What’s causing this shortage?

It’s arisen from a combination of things, but it will come as no surprise that the number one reason is the current pandemic with a lack of workers and shutdowns. As people around the world had to stay at home, with extra stimulus money in the US, many people upgraded everything from home appliances to electronic devices. People also upgraded their tech to enable them to work, teach & play from home such as webcams, monitors, computers & TVs.

This year, Taiwan has experienced its worst drought in more than 50 years, creating a huge problem for chip manufacturers that use large amounts of ultra-pure water in their factory production process. TSMC's chip manufacturing facility alone requires more than 63 million litres of water a day to keep the operation moving - that’s more than 10% of the total supply from two local reservoirs

Let’s look at some examples of semiconduct..