China's state-run Global Times quoting a top official of the machinery industry federation reported that the country's car production would be down by 2 million units due to the shortage of chips.

Global Times while quoting the executive vice president of the federation reported that "software, special raw materials&nbsp;and precision instrumentation" including industrial sensors which rely on imports will also be hit due to "natural calamities and man-made misfortune."&nbsp;

<a href="https://www.wionews.com/world/after-christmas-food-chocolate-bar-bounty-falls-prey-to-supply-chain-crisis-418620">Also Read:&nbsp;After Christmas food, chocolate bar Bounty falls prey to supply chain crisis</a>

The Chinese newspaper informed that country's auto&nbsp;sales and production fell for "five consecutive months" between May to September.

The chip shortage could also impact other sectors including the manufacturing of mobiles, home appliances and computers, it informed.

<a href="https://www.wionews.com/world/vietnam-lockdown-hits-iphone-delivery-shoe-car-companies-also-suffer-416794">Also Read:&nbsp;Vietnam lockdown hits iPhone delivery; shoe &amp; car companies also suffer</a>

The US government had earlier blacklisted China's biggest chipmaker Semiconductor Manufacturing International Corp (SMIC) over security concerns. SMIC recently announced it will open a semiconductor plant in Shanghai after announcing plans to build smaller semiconductor factories in Beijing and Shenzhen.&nbsp;

Reports claimed Apple was unlikely to meet its production target due to the global electronic chip shortage.

<a href="https://www.wionews.com/world/transport-chiefs-warn-world-leaders-and-un-about-incoming-collapse-of-global-supply-chain-417077">Also Read:&nbsp;Transport chiefs warn world leaders and UN about incoming collapse of global supply chain</a>

Amid the global chip shortage, Taiwan's TSMC had said earlier it was working to address the global semiconductor shortage and was taking "unprecedented actions" even as US commerce secretary Gina Raimondo had said last month "it's time to get more aggressive".

Raimondo however added that there is "no quick and easy fix" while cautioning that the problem may spill into next year.

(With inputs from Agencies)

China's state-run Global Times quoting a top official of the machinery industry federation reported that the country's car production would be down by 2 million units due to the shortage of chips.

China's state-run Global Times quoting a top official of the machinery industry federation reported that the country's car production would be down by 2 million units due to the shortage of chips. Global Times while quoting the executive vice president of the federation reported that "software, special raw materials and precision instrumentation" including industrial sensors which rely on imports will also be hit due to "natural calamities and man-made misfortune." Also Read: After Christmas food, chocolate bar Bounty falls prey to supply chain crisis The Chinese newspaper informed that country's auto sales and production fell for "five consecutive months" between May to September. The chip shortage could also impact other sectors including the manufacturing of mobiles, home appliances and computers, it informed. Also Read: Vietnam lockdown hits iPhone delivery; shoe & car companies also suffer The US government had earlier blacklisted China's biggest chipmaker Semiconductor Manufacturing International Corp (SMIC) over security concerns. SMIC recently announced it will open a semiconductor plant in Shanghai after announcing plans to build smaller semiconductor factories in Beijing and Shenzhen. Reports claimed Apple was unlikely to meet its production target due to the global electronic chip shortage. Also Read: Transport chiefs warn world leaders and UN about incoming collapse of global supply chain Amid the global chip shortage, Taiwan's TSMC had said earlier it was working to address the global semiconductor shortage and was taking "unprecedented actions" even as US commerce secretary Gina Raimondo had said last month "it's time to get more aggressive". Raimondo however added that there is "no quick and easy fix" while cautioning that the problem may spill into next year. (With inputs from Agencies)

Car production in China set to decline by 2 million due to chip shortage: Report

The world is witnessing a shortage of computer chips, which is affecting the production of everything ranging from smartphones to smart cars.

Computer chips silently power an array of products - smartphones, tablets, smartwatches, and even smart cars, but now the world is running short on them. A global shortage of semiconductor chips is affecting almost everyone - consumers and manufacturers alike.&nbsp;Last month, car maker General Motors decided to close three factories due to the shortage of microchips. Soon after, Toyota, Volkswagen, Ford, Honda, and Fiat Chrysler followed suit.

No industry remains untouched from this shortage, not even video games. Sony's highly demanded Playstation 5 may not be able to sell as many units as anticipated owing to the shortage.

<a href="https://www.wionews.com/videos/gravitas-why-you-could-end-up-spending-more-on-your-next-gadget-367526">WATCH |</a>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-why-you-could-end-up-spending-more-on-your-next-gadget-367526/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

With several industries taking a hit, last week US President Joe Biden made an intervention after meeting a bipartisan group of lawmakers. Biden even signed an executive order to address the scarcity.

Also read:&nbsp;<a href="http://13.235.153.162/world/taiwan-pips-china-in-economic-showdown-after-30-years-as-chips-demand-soars-360848" hreflang="en">Taiwan pips China in economic showdown after 30 years, as chips demand soars</a>

"Recently, we've seen how a shortage of computer chips, computer chips like the one I have here [Biden takes out computer chip], you can hardly see it I imagine, it's called a semiconductor. It's caused delays in the production of automobiles that result in reduced hours for American workers. A 21st-century horseshoe nail", US President Joe Biden had said. 
 
What caused the shortage? 
Multiple factors contributed to the shortage, including the ongoing COVID-19 outbreak. During the pandemic's peak, there was a spike in the demand for electronics.

Newer technologies like 5G-enabled smartphones require a lot more computer chips than older phones, which has compelled electronic companies to buy chips in excess leading to a shortage in the market. Former US President Donald Trump's trade war has also impacted the industry. SMIC - a semiconductor company, which is partially owned by the Chinese government supplies around 10 per cent of the global demand.

Last year, the US government had restricted American exports to SMIC, affecting the supply of the technology used to make the chips. Experts believe the present shortage may last a while and may make consumer electronic products more expensive. It could also delay the rollout of new cars from leading manufacturers. 
&nbsp;

The world is witnessing a shortage of computer chips, which is affecting the production of everything ranging from smartphones to smart cars. Computer chips silently power an array of products - smartphones, tablets, smartwatches, and even smart cars, but now the world is running short on them.

The world is witnessing a shortage of computer chips, which is affecting the production of everything ranging from smartphones to smart cars. Computer chips silently power an array of products - smartphones, tablets, smartwatches, and even smart cars, but now the world is running short on them. A global shortage of semiconductor chips is affecting almost everyone - consumers and manufacturers alike. Last month, car maker General Motors decided to close three factories due to the shortage of microchips. Soon after, Toyota, Volkswagen, Ford, Honda, and Fiat Chrysler followed suit. No industry remains untouched from this shortage, not even video games. Sony's highly demanded Playstation 5 may not be able to sell as many units as anticipated owing to the shortage. WATCH | With several industries taking a hit, last week US President Joe Biden made an intervention after meeting a bipartisan group of lawmakers. Biden even signed an executive order to address the scarcity. Also read: Taiwan pips China in economic showdown after 30 years, as chips demand soars "Recently, we've seen how a shortage of computer chips, computer chips like the one I have here [Biden takes out computer chip], you can hardly see it I imagine, it's called a semiconductor. It's caused delays in the production of automobiles that result in reduced hours for American workers. A 21st-century horseshoe nail", US President Joe Biden had said. What caused the shortage? Multiple factors contributed to the shortage, including the ongoing COVID-19 outbreak. During the pandemic's peak, there was a spike in the demand for electronics. Newer technologies like 5G-enabled smartphones require a lot more computer chips than older phones, which has compelled electronic companies to buy chips in excess leading to a shortage in the market. Former US President Donald Trump's trade war has also impacted the industry. SMIC - a semiconductor company, which is partially owned by the Chinese government supplies around 10 per cent of the global demand. Last year, the US government had restricted American exports to SMIC, affecting the supply of the technology used to make the chips. Experts believe the present shortage may last a while and may make consumer electronic products more expensive. It could also delay the rollout of new cars from leading manufacturers.

What caused global shortage of computer chips that power our planet?

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Car production in China set to decline by 2 million due to chip shortage: Report

What caused global shortage of computer chips that power our planet?