According to the report, Raimondo said there is no sign that the chip shortage will ease significantly next year. Raimondo said that during her visit to South Korea, she spoke with top chip makers about chip shortages, all of whom believe the chip shortage will not ease until at least late 2023 or even early 2024.
Raimondo reiterated his call on the U.S. Congress to act quickly to provide funding for legislation aimed at boosting the U.S. chipmaking industry. Raimondo said other countries have introduced subsidy programs, and if Congress does not act quickly, major chipmakers such as Intel, Samsung and Micron will likely choose to expand their operations outside the United States, which will pose serious problems.
Agence France-Presse reported that the U.S. Senate and House of Representatives have passed a $52 billion chip industry promotion bill to provide funding for chip research and development and manufacturing in the United States. But the House and Senate have yet to agree on a final version of the legislation.
During the epidemic, the production of some chip suppliers was affected. At the same time, the demand for automobiles and electronic products rose sharply, and the production of these products required a large number of chips. The situation of chip shortages is widespread around the world.
A shortage of advanced chip-making equipment could hamper its global expansion plans, Intel CEO Pat Gersinger said at the recently concluded Davos forum. Intel is currently planning to build new chip factories in the U.S. and Europe.
The automotive industry is one of the industries most affected by the chip shortage. Due to chip shortages, many automakers have had to resort to persistent production cuts, affecting both production and sales.
At the same time, the prices of products that depend on chip supply have continued to rise. Major chip makers such as TSMC, Samsung and Intel are considering further raising the prices of their chip products, CNN reported, citing analysts. Bain & Company analyst Peter Hambory said chipmakers had already raised chip prices by 10% to 20% last year, and a new round of price hikes will be made this year, but the rate of increase is expected to be lower. Probably 5% to 7%. Hanbury said that rising costs are one of the reasons for chipmakers to raise prices. For example, the cost of chemical raw materials used to make chips has risen by 10% to 20%. Labor shortages and rising wages are also factors that lead to price increases. .
