Asia “Moving” the Global Economy

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What are Semiconductors?

To get into the nitty gritty of it, semiconductors are silicon-made material products which conduct electricity more than an insulator, such as glass or wood, but less than a pure conductor, such as aluminum or steel. Semiconductors act like tiny electronic switches which run computations inside technology products. This sophisticated creation is found in thousands of electronic products, from gaming consoles and microwaves to datacenters powering the internet.

Lack of Semiconductors & The Impact of Chip Shortages

On a global scale, there has been a recent lack of semiconductor chips as automaker factories were forced to halt production amid the spread of COVID-19. This resulted in a big fraction of the workforce beginning to work from home, causing an explosive burst in demand for devices, and such demand was beyond what manufacturers could provide.

The semiconductor shortage has impacted many industries, especially the auto…

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