![]() The situation has been exacerbated by export restrictions between the US and China, and certain businesses have recently come under pressure from the US to halt exports to Chinese chipmakers. In 2021, semiconductor supply chain disruptions alone are calculated to have caused an estimated loss of $240 billion to the US GDP and chips have been in such limited supply that the CEO of a European producer of chip manufacturing equipment recently reported that large industrial companies have been acquiring high-end washing machines in bulk to strip out microchips and repurpose them. Supply shortages have led to cuts in automobile production and higher prices for consumer and healthcare electronics. ![]() Supply chain risk doesn't just impact tech companies: reliable supplies are critical for a wide range of sectors including automotive, consumer goods, healthcare and national infrastructure. Over the last few years, the semiconductor industry has been navigating serious supply shortages, increased costs of components and metals, and disruption of supply chains due to the pandemic. We take a look at increasing regulation, what it means for M&A and some of the challenges that lie ahead. A global shortage of semiconductors and increasing protectionism means that the industry is of major strategic and geopolitical importance to governments. Semiconductors are essential for many aspects of our lives – work, communication, energy production, healthcare and travel – as well as national security systems and military hardware. Advising on the issues that are critical to our clientsĭefining tomorrow's legal function through its relationships
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