ARTICLE · 20 OCTOBER 2022

The Global Chip Shortage And Innovation

Keltie LLP

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The global shortage of semiconductor chips is one of the longer-lasting consequences of the COVID-19 pandemic. Delays in supplying chips are currently as long as a year in some industries, and analysts predict that things may not return to normal until 2024.

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The global shortage of semiconductor chips is one of the longer-lasting consequences of the COVID-19 pandemic. Delays in supplying chips are currently as long as a year in some industries, and analysts predict that things may not return to normal until 2024.

Semiconductors are used in products in almost every industry today and their shortage has had a large impact on the availability of many consumer goods. The automotive sector continues to be particularly badly affected. There are reports of thousands of almost-complete vehicles that cannot be sold until chips have been supplied, and automotive plants that have been shut down temporarily in Asia, Europe and the United States as a result of chip shortages.

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